by Sunday | May 26 | Economics WAEC
A. the prices of their products are usually high B. they render personalized services to the consumers C. they usually produce goods for the elites D. they do not normally provide after-sales services Correct Answer: Option B B. they render personalized services to...
by Sunday | May 26 | Economics WAEC
A. protect the interest of the government B. maximize profits C. provide infrastructure D. promote exports Correct Answer: Option B B. maximize profits
by Sunday | May 26 | Economics WAEC
A. transport B. water C. raw materials D. labour supply Correct Answer: Option C C. raw materials
by Sunday | May 26 | Economics WAEC
A. average cost B. variable cost C. opportunity cost D. fixed cost Correct Answer: Option D D. fixed cost
by Sunday | May 26 | Economics WAEC
A. he has the change to minimize cost B. has to forgo one thing in order to have another C. can equate his fix costs with his variable costs D. is able to save part of his income Correct Answer: Option B B. has to forgo one thing in order to have...
by Sunday | May 26 | Economics WAEC
A. concentration of the firms of an industry in a particular area B. siting of industries in rural areas C. even spread of industries D. government policy of influencing Correct Answer: Option A A. concentration of the firms of an industry in a particular...