by Sunday | Nov 8 | Economics WAEC
A. marginal and average cost curves B. average cost curves C. average variable cost curves D. average variable and total cost curves Correct Answer: Option C C. average variable cost curves Explanation The long-run average cost (LRAC) curve shows the firm’s...
by Sunday | Nov 8 | Economics WAEC
A. normal time B. long run C. market period D. short run Correct Answer: Option B B. long run Explanation The long-run is a period of time in which all factors of production and costs are variable. In the long run, firms are able to adjust all costs, whereas, in the...
by Sunday | Nov 8 | Economics WAEC
A. $ 0.08 B. $ 5.00 C. $ 25.02 D. $ 125 Correct Answer: Option C C. $ 25.02
by Sunday | Nov 8 | Economics WAEC
A. average utility B. increasing utility C. total utility D. marginal utility Correct Answer: Option D D. marginal utility Explanation In economics, utility is the satisfaction or benefit derived by consuming a product; thus the marginal utility of goods or services...
by Sunday | Nov 8 | Economics WAEC
A. total cost and marginal cost B. total revenue and total cost C. average cost and total cost D. price and total cost Correct Answer: Option B B. total revenue and total cost Explanation Total profit is determined by subtracting total costs from revenues. Total...
by Sunday | Nov 8 | Economics WAEC
A. elastic B. inelastic C. zero elastic D. unitary elastic Correct Answer: Option B B. inelastic Explanation The numerical values for the PED coefficient could range from zero to infinity. In general, the demand for a good is said to be inelastic (or relatively...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.