2.Change in input price, government policy, organizational change may lead to -----.
a.higher cost of demand for a firm
b.lower cost of production for a firm
c.higher cost of production for a firm
d.higher cost of sales for a firm
3.The point at which demand equate supply is known as -------
a.interaction point
b.intersection mpoint
c.equation point
d.equilibrium point
4.The following are factor inputs except -------
a.land
b.labour
c.capital
d.entreprenual
5.The following equation; Q = r - kP, depicts -------
a.supply function
b.demand function
c.demand curve
d.supply schedule
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