by Sunday | Oct 23 | Economics JAMB
A. N360 B. N300 C. N460 D. N400 Correct Answer: Option B = N300 Explanation Total cost would be = 20 x 15 = 300
by Sunday | Oct 23 | Economics JAMB
A. N20.00 B. N23.00 C. N13.00 D. N15.00 Correct Answer: Option D – N15.00 Explanation From the diagram, when 20 units of outputs are produced, average total cost (ATC) is N15
by Sunday | Oct 23 | Economics JAMB
A. R B. T C. U D. S Correct Answer: Option D = S Explanation The optimal point of production is at point S where MU and MR intersect. That is a point where revenue equals cost.
by Sunday | Oct 23 | Economics JAMB
A. a kinked demand curve B. a normal demand curve C. an abnormal demand curve D. a diminishing marginal utility curve Correct Answer: Option C – an abnormal demand curve Explanation It depicts an abnormal demand. This is a kind of demand that is contrary to the...
by Sunday | Oct 23 | Economics JAMB
A. stabilizing and harmonization oil prices B. ensuring the equal participation of countries in trade C. modernizing world economies D. minimizing obstacles to international trade and investment Correct Answer: Option D – minimizing obstacles to international...
by Sunday | Oct 23 | Economics JAMB
A. marginal utility B. inefficiency in production C. opportunity cost D. comparative advantage Correct Answer: Option D – comparative advantage Explanation A person has a comparative advantage at producing something if he can produce it at lower cost than anyone...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.