by Sunday | Oct 20 | Economics JAMB
A. Fixed cost B. Total cost C. Average cost D. Marginal cost Correct Answer: Option D – Marginal cost Explanation Marginal cost is the additional cost incurred in the production of one more unit of a good or...
by Sunday | Oct 20 | Economics JAMB
A. Minimum price B. Shut-down price C. Maximum price D. Mark-up price Correct Answer: Option A – Minimum price
by Sunday | Oct 20 | Economics JAMB
A. Total product starts declining B. Average product has become zero C. Diminishing returns has set in D. Increasing returns is operating Correct Answer: Option C – Diminishing returns has set in Explanation Diminishing returns is the decrease in the marginal...
by Sunday | Oct 20 | Economics JAMB
A. Low birth rate B. Low per capita income C. High wage rate D. Full employment Correct Answer: Option B – Low per capita income
by Sunday | Oct 20 | Economics JAMB
A. Exchange rate B. Fiscal policy C. Risk associated with the loan D. Rate of production in the country Correct Answer: Option C – Risk associated with the loan Explanation They make money on the interest they charge on loans because that interest is higher than...
by Sunday | Oct 20 | Economics JAMB
A. Positively sloped B. Vertical C. downward sloping D. Negatively Sloped Correct Answer: Option C – downward sloping Explanation The Demand Curve for a Monopolistic Market is of the same form as a regular Demand Curve. It is downward sloping because of the...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.