by Sunday | Jan 7 | Economics WAEC
Consider the diagram below which shows a demand curve (d). Total expenditure on a commodity is represented by the area TUVW. Consumer surplus is represented by? A. The area VWX B. The area XTUV C. XW/XT D. TU/UV Correct Answer: Option A A. The area VWX Explanation...
by Sunday | Jan 7 | Economics WAEC
A. at the maximum point on the AC curve B. at the highest point on the AC curve C. at the minimum point on the AC curve D. at the peak Correct Answer: Option C C. at the minimum point on the AC curve Explanation MC cuts the AC curve at the minimum or lowest point at...
by Sunday | Jan 7 | Economics WAEC
Consider the following figures which refer to a firm’s production department during one week: Wage bill ₦6,000, Rent, Rates, Depreciation ₦200, raw materials ₦800, Power ₦300. Total variable costs incurred during the week are? A. ₦7,300 B. ₦7,100 C. ₦1,300 D....
by Sunday | Jan 7 | Economics WAEC
A. Deflation B. Inflation C. Recession D. Balance of Payment deficit Correct Answer: Option B B. Inflation Explanation A contractionary monetary policy leads to a balance of payment surplus and there is increase in interest rate or cash reserve ratio thereby reducing...
by Sunday | Jan 7 | Economics WAEC
A. industry and commerce B. overseas central banks C. the capital market D. the money markets Correct Answer: Option D D. the money markets Explanation Money at call or at short notice is a loan that is made for a very short period for a few days only for duration of...
by Sunday | Jan 7 | Economics WAEC
A. MV = PT B. P = MK/R C. P = MV/T D. P=MV Correct Answer: Option B B. P = MK/R Explanation The second equation of exchange of money is P = MK/R Where : P = Price level of consumer goods K = The proportion of the community’s total income held in money R = The...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.