WAEC: ECONOMICS Economics 2015 WAEC (WASSCE) Past Questions 2015 Economics WAEC (WASSCE) Theory Past Questions (Paper 2)

Lesson 12, Topic 2

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2015 Economics WAEC (WASSCE) Theory Past Questions (Paper 2)

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2015 Economics WAEC (WASSCE) Theory Past Questions (Paper 2)

SECTION A (1 – 2) – Consists of two data-response questions and candidates will be required to answer one of them.

SECTION B (3 – 8) – Consists of six questions and candidates will be required to answer any three of them.

Duration – 2 hours

SECTION A (1 – 2)

Answer any one (1)

Question 1:

The total fixed cost (TFC) and total cost (TC) functions of a hypothetical firm are shown in the graph below. Study it and answer the questions that follow:

(a) Determine the firm’s
(i) variable cost at output levels 2, 4 and 6
(ii) average total cost at output levels 2 and 3
(iii) marginal cost at output

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WAEC: ECONOMICS

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2015 Economics WAEC (WASSCE) Theory Past Questions (Paper 2)

Content:

SECTION A (1 – 2)

Question 1:

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WAEC: ECONOMICS

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2015 Economics WAEC (WASSCE) Theory Past Questions (Paper 2)

Content:

SECTION A (1 – 2)

Question 1:

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