by Sunday | Jul 31 | Economics WAEC
A. subtracting total cost from total revenue B. subtracting average revenue from total cost C. dividing total revenue from total output D. dividing marginal revenue by marginal cost Correct Answer: Option A – subtracting total cost from total...
by Sunday | Jul 31 | Economics WAEC
A. Scarcity B. choice C. A scale of preference D. opportunity cost Correct Answer: Option C – A scale of preference
by Sunday | Jul 31 | Economics WAEC
A. dividing the GNP by total population B. adding the total savings to the GNP C. multiplying the GNP by the total population D. subtracting the GNP from the GDP Correct Answer: Option A – dividing the GNP by total...
by Sunday | Jul 31 | Economics WAEC
A. external diseconomies of scales B. internal diseconomies of scales C. internal economies of scales D. external economies of scales Correct Answer: Option D – external economies of scales
by Sunday | Jul 31 | Economics WAEC
A. variable B. diminishing C. constant D. fixed Correct Answer: Option A – variable
by Sunday | Jul 31 | Economics WAEC
A. buy stocks when interest is high B. overcome unforeseen contingencies C. buy goods and services on a daily basis D. buy fixed assets Correct Answer: Option B – overcome unforeseen contingencies