by Sunday | Aug 1 | Economics WAEC
A. unitary B. greater than one C. infinite D. less than one Correct Answer: Option C – infinite
by Sunday | Aug 1 | Economics WAEC
A. normal B. elastic C. inelastic D. abnormal Correct Answer: Option C – inelastic
by Sunday | Aug 1 | Economics WAEC
A. long-run marginal cost B. long-run average cost C. long-run total cost D. short-run marginal cost Correct Answer: Option B – long-run average cost
by Sunday | Aug 1 | Economics WAEC
A. Marginal product and average product curves rise and fall together B. Marginal product equals average product at the minimum point of the latter C. Average product curve will rise as product is greater than average product D. Marginal product at the maximum point...
by Sunday | Aug 1 | Economics WAEC
A. permits the exploitation of economies of scale B. incorporates external economies C. is based on the law of variable proportions D. allocates resources according to absolute advantage Correct Answer: Option D – allocates resources according to absolute...
by Sunday | Aug 1 | Economics WAEC
A. there is at least one fixed factor B. all costs of production must be covered C. the output cannot be varied D. current output is not profitable Correct Answer: Option A – there is at least one fixed factor
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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