by Sunday | Nov 9 | Economics WAEC
A. all inputs are fixed B. all inputs are variable C. some outputs are variable D. some inputs are variable Correct Answer: Option A A. all inputs are fixed
by Sunday | Nov 9 | Economics WAEC
A. firm which minimizes cost B. consumer who maximizes satisfaction C. producer who maximizes marginal product D. consumer who minimizes total utility Correct Answer: Option B B. consumer who maximizes satisfaction
by Sunday | Nov 9 | Economics WAEC
A. 88 utils B. 18 utils C. 5.5 utils D. 3.5 utils Correct Answer: Option C C. 5.5 utils
by Sunday | Nov 9 | Economics WAEC
A. 6 units B. 10 nits C. 12 units D. 14 units Correct Answer: Option D D. 14 units
by Sunday | Nov 9 | Economics WAEC
A. the price system B. the banking system C. the central planning body D. government budgets Correct Answer: Option A A. the price system
by Sunday | Nov 9 | Economics WAEC
A. increase in supply B. excess demand C. equality of demand and supply D. decreases in demand Correct Answer: Option B B. excess demand