by Sunday | Nov 7 | Economics WAEC
A. a memorandum of understanding B. the article of partnership C. an article of association D. a partnership constitution Correct Answer: Option B B. the article of partnership Explanation Articles of partnership is a voluntary contract between/among two or more...
by Sunday | Nov 7 | Economics WAEC
A. perfect competition B. commodity market C. monopolistic competition D. monopoly market Correct Answer: Option A A. perfect competition Explanation In a perfect competitive market, price discrimination occurs when identical goods and services are sold at different...
by Sunday | Nov 7 | Economics WAEC
A. AVC=ATC B. AVC C. AVC>price D. AVC=MC Correct Answer: Option C C. AVC>price Explanation A firm will choose to implement a shutdown of production when the revenue received from the sale of the goods or services produced cannot even cover the variable costs of...
by Sunday | Nov 7 | Economics WAEC
A. greater than marginal B. equal to marginal C. less than average revenue D. equal to average Correct Answer: Option B B. equal to marginal
by Sunday | Nov 7 | Economics WAEC
A. only the variable factors can be altered B. all factors become variable C. the firm will cease to exist D. only the fixed factors can be altered Correct Answer: Option B B. all factors become variable Explanation The long-run is a period of time in which all...
by Sunday | Nov 7 | Economics WAEC
A. provide more employment opportunities B. leads to increased output and lower cost of production C. brings about equal cost and employment opportunities D. leads to the increased cost of production and lower output Correct Answer: Option B B. leads to increased...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.