by Sunday | Sep 30 | NABTEB QUESTIONS
Monopoly is a market structure where a single production unit controls the production of a commodity or service that has no close substitute. The firm is also the industry. There is no competition and he can influence the price or the quantity.
by Sunday | Sep 30 | NABTEB QUESTIONS
The economic significance of the law: 1. It guides the producer in deciding the appropriate quantity of a variable factor to be combined with fixed factor of production in order to enjoy increasing returns. 2. The law also helps the entrepreneur to determine the wages...
by Sunday | Sep 30 | NABTEB QUESTIONS
The law of diminishing marginal returns states that if increasing units of variable factors of production are combined with a given quantity of another fixed factor, returns are on the increased up to a point after which the marginal returns falls. LAND UNITS OF...
by Sunday | Sep 30 | NABTEB QUESTIONS
The demand for bread can increase due to the following factors i. Increase in the number of consumer populations. ii. Increase in the price of substitute iii. Advertisement iv. Increase in income of consumers v. A change in taste in favour of...
by Sunday | Sep 30 | NABTEB QUESTIONS
The advantages of the sole proprietorship over the limited liability company are: i. Personal interest: The sole proprietor has personal interest in the business which is not so with shareholders ii. Efficiency: Commitment of the owner guarantees higher efficiency....
by Sunday | Sep 30 | NABTEB QUESTIONS
Factors responsible for rapid population growth in Nigeria: i. Increase in birth rate occasioned by such factors as early marriages, polygamy, sexual immoralities and lack of ineffective birth control measures. ii. Reduction in death rate iii....
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.