by Sunday | Jan 2 | Economics WAEC
A. total fixed cost B. marginal cost C. average fixed cost D. average cost Correct Answer: Option D – average cost Explanation Average cost is directly proportional to the total cost of goods and inversely proportional to the number of goods, so average cost...
by Sunday | Jan 2 | Economics WAEC
A. excessive demand for the product B. low level of technology C. excess supply of labour D. increase in the export of goods Correct Answer: Option B – low level of technology Explanation Factors that limit the application of division of labour are: size of...
by Sunday | Jan 2 | Economics WAEC
A. market surplus occurs B. the market will be cleared in the short-run C. excess demand occurs D. government regulation is no longer needed Correct Answer: Option A – market surplus occurs Explanation Minimum price is often called price floor and it is fixed by...
by Sunday | Jan 2 | Economics WAEC
A. common agricultural policy is in place B. the size of the market is widened C. factors of production are free to move and be moved D. common currency is in use Correct Answer: Option C – factors of production are free to move and be moved Explanation Economic...
by Sunday | Jan 2 | Economics WAEC
A. joint supply B. composite supply C. competitive supply D. market supply Correct Answer: Option A – joint supply Explanation Joint supply is a type of supply in which the production of one article in itself leads to the production of other article as well. for...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.