by Sunday | Nov 8 | Economics WAEC
A. derived B. composite C. joint D. competitive Correct Answer: Option C C. joint
by Sunday | Nov 8 | Economics WAEC
A. less as the marginal utility falls B. more as the marginal utility falls C. less as the total utility falls D. more as the average utility falls Correct Answer: Option C C. less as the total utility falls
by Sunday | Nov 8 | Economics WAEC
A. bought at a given price at a time B. supplied at given prices at a time C. produced at given prices at a time D. reserved for future consumption Correct Answer: Option A A. bought at a given price at a time
by Sunday | Nov 8 | Economics WAEC
A. unitary elastic B. price inelastic C. fairly elastic D. income inelastic Correct Answer: Option B B. price inelastic
by Sunday | Nov 8 | Economics WAEC
A. observation with the highest frequency B. average of two middle numbers C. item that occupies the middle position D. difference between two extreme values Correct Answer: Option A A. observation with the highest frequency
by Sunday | Nov 8 | Economics WAEC
A. equality of the ratio of marginal utilities and the ratio of prices B. equality of the ratio of average utilities and the ratio of prices C. equality of the marginal utility to total utility ratio for both commodities D. total utility and marginal utility must be...