by Sunday | Oct 22 | Economics JAMB
A. N0.5m B. N1.5m C. N2.6m D. N8.0m Correct Answer: Option A – N0.5m Explanation MPC is a proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it. Investment expenditure = 2,000,000 MPC =...
by Sunday | Oct 22 | Economics JAMB
A. 8 B. 4 C. 3 D. 2 Correct Answer: Option B = 4 Explanation The Multiplier is calculated as ( 1 divided by 1 minus the MPC) Multiplier = 1/1 – MPC 1/1 – 0.75 1 – 0.25 = 4
by Sunday | Oct 22 | Economics JAMB
A. net exports from GNP B. subsidies from GDP C. taxes from GDP D. depreciation from GNP Correct Answer: Option D – depreciation from GNP Explanation Net national product is gotten by adding: The market value of all finished goods + the market value of all...
by Sunday | Oct 22 | Economics JAMB
A. a common elasticity in different markets B. different elasticities in different markets C. a finite elasticity in all markets D. zero elasticity in all markets Correct Answer: Option A – a common elasticity in different...
by Sunday | Oct 22 | Economics JAMB
A. determine the quality of their products B. determine the scale of their products C. restrict information flow to new firms D. restrict the entry of new firms Correct Answer: Option B – determine the scale of their products Explanation Patents are used to...
by Sunday | Oct 22 | Economics JAMB
A. diminishing returns B. constant returns to scale C. increasing returns to scale D. decreasing returns to scale Correct Answer: Option D – decreasing returns to scale Explanation A decreasing return to scale occurs when the proportion of output is less than...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.