by Sunday | May 4 | Economics NECO
A. adopting the least cost method of production B. combining capital and labour intensive methods of production C. employing the services of a manager D. using capital intensive method of production E. using labour intensive method of production Correct Answer: Option...
by Sunday | May 4 | Economics NECO
A. all costs can be varied B. average variable cost is fixed C. fixed cost can not be changed D. marginal cost is fixed E. only variable cost changes Correct Answer: Option A – all costs can be varied
by Sunday | May 4 | Economics NECO
A. Allowance given to an aged mother by a civil servant B. Income earned by a bricklayer C. Profit earned by Nigerian bottling company plc D. profit earned by NITEL plc E. Salary earned by a doctor Correct Answer: Option A – Allowance given to an aged mother by...
by Sunday | May 4 | Economics NECO
A. death of skilled manpower B. inadequate capital C. inadequate statistical data D. poor implementation of economic planning E. under-population Correct Answer: Option E – under-population
by Sunday | May 4 | Economics NECO
A. Black market B. Excess demand C. Excess supply D. Unattainable equilibrium E. Unemployment Correct Answer: Option B – Excess demand
by Sunday | May 4 | Economics NECO
A. 204 B. 224 C. 240 D. 244 E. 248 Correct Answer: Option C – 240
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