by Sunday | Oct 29 | Economics JAMB
A. raise the price of the commodity and affect the quantity in an indeterminate way B. decrease the equilibrium quantity and affect the price in an intermediate way C. raise its price as well as the equilibrium quantity D. lower it price while affecting the...
by Sunday | Oct 29 | Economics JAMB
A. total cost curve B. marginal cost curve C. variable cost curve D. fixed cost curve Correct Answer: Option B – marginal cost curve
by Sunday | Oct 29 | Economics JAMB
A. a monopolistic market structure B. a duopolistic market structure C. a competitive market structure D. an oligopolistic market structure Correct Answer: Option C – a competitive market structure
by Sunday | Oct 29 | Economics JAMB
A. demand curve B. supply curve C. cost curve D. supply curve Correct Answer: Option B – supply curve
by Sunday | Oct 29 | Economics JAMB
A. internal economies of scale B. economies of scale C. market economies D. external economies Correct Answer: Option D – external economies
by Sunday | Oct 29 | Economics JAMB
A. highest point on the total revenue curve B. minimum point on the average revenue and the average cost curve C. intersection of the average revenue and the average cost curves D. intersection of the marginal cost and marginal revenue curves Correct Answer: Option C...
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