One problem in the marketing of agricultural products in Nigeria is?
A. the seasonal nature of the commodities B. high price of the commodities C. the changing tastes of consumers D. inadequate storage facilities Correct Answer: Option D – inadequate storage facilities
The concept of privatization presupposes?
A. efficiency B. marketing trade C. indigenization D. foreign trade Correct Answer: Option A – efficiency
A distinguishing characteristic of cooperative societies is that voting power depends on the?
A. number of shares held B. status of the member C. equality of members D. management’s decision Correct Answer: Option C – equality of members
At the point where marginal revenue of a monopolist is equal zero; its total revenue will be?
A. falling B. rising C. equal to zero D. maximum Correct Answer: Option A – falling
The short-run equilibrium in a perfectly competitive market requires that?
A. marginal cost be equal to total revenue B. marginal cost and marginal revenue be equal C. costs are mutually determined by buyers and sellers D. the marginal cost curve cuts the total cost curve Correct Answer: Option B – marginal cost and marginal revenue be...Products
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