(i) it provides food for the growing population (ii) A large proportion of the population is engaged in agriculture. (iii)…
A. the product of the enterprises are further subsidized B. they are expected to operate with the primary aim of…
A. they are highly subsidize B. they are the largest employers of labour C. their operations are highly standardized D.…
A. the small capital outlay involved B. regularity and constant supply of commodities by them C. their local services and…
A. high dividends when profits are high and little or nothing when profits are low B. a fixed rate of…
A. manufacturer B. wholesaler C. retailer D. consumer Correct Answer: Option C - retailer
A. MC = MR B. AC = MC C. AVC = AC D. MC = AVC Correct Answer: Option A…
A. y > 300 B. y > 250 C. y > 200 D. y > 150 Correct Answer: Option C…
A. 1.25 B. 1.45 C. 0.25 D. 0.15 Correct Answer: Option A - 1.25
A. slightly increase the price of his product B. slightly reduce the price of his products C. leaves his price…