
How to Get 2020 JUPEB EXPO RUNZ MATHEMATICS QUESTIONS AND ANSWERS
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2020 Jupeb Economics Answers
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11-20: ABADDBDCBA
21-30: CCDADBCABB
31-40: CDCDBACCAD
41-50: BBBACABBCC
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Theory
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(2a)
(i) Explicit Cost refers to all payment made directly for the raw material used during production. while Implicit Cost is all payments made or cost at which the owner or coordinator of the firm indirectly incure on factors of production.
(2aii) Fixed cost that donot change or vary with the level of output. while Variable cost changes or varies directly with the level of activities.
(2aiii) Average Costs is the cost per unit of output while Marginal cost is the additional cost incurred on the production of an additional units of a commodity
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How to get 2020 JUPEB MATHEMATICS EXPO RUNZ Questions and answers
How to get 2020 JUPEB MATHEMATICS EXPO RUNZ Questions and answers
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