by Sunday | Jan 3 | Economics JAMB
A. the consumer is in equilibrium B. more of the commodity can be consumed C. total utility is also equal to its price D. the market is not in equilibrium Correct Answer: Option A – the consumer is in equilibrium Explanation A consumer is in equilibrium when the...
by Sunday | Jan 3 | Economics JAMB
A. the lowest cost of producing goods B. the cost of production of the most efficient firm in an industry C. the cost of production of the most inefficient firm in an industry D. the cost of production of the last or extra unit of goods produced by a firm Correct...
by Sunday | Jan 2 | Economics WAEC
A. there is an increase in taxes on inputs B. government increases subsidies C. rural-urban migration is encouraged D. the price of the commodity increases Correct Answer: Option D – the price of the commodity increases Explanation One of the law of supply is,...
by Sunday | Jan 2 | Economics WAEC
A. competitive goods B. composite goods C. jointly supplied D. derived goods Correct Answer: Option A – competitive goods Explanation Competitive goods means goods and/or services that meet the same buyer or customer needs as one or more goods and /or services...
by Sunday | Jan 2 | Economics WAEC
A. negatively sloped B. positively sloped C. vertical D. horizontal Correct Answer: Option B – positively sloped Explanation Ostentation goods are goods that are expensive such as jewelries, gold wrist watch etc. The higher the price, the higher the quantity...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.