economics

If AC and MC are represented on a graph, the MC curve will cut the AC curve?

A. at the maximum point on the AC curve B. at the highest point on the AC curve C. at…

6 years ago

Total variable costs incurred during the week are?

Consider the following figures which refer to a firm's production department during one week: Wage bill ₦6,000, Rent, Rates, Depreciation…

6 years ago

A contractionary monetary policy is used to control?

A. Deflation B. Inflation C. Recession D. Balance of Payment deficit Correct Answer: Option B B. Inflation Explanation A contractionary…

6 years ago

The term “Money at call and short notice” in a bank’s assets represents the bank’s loans to?

A. industry and commerce B. overseas central banks C. the capital market D. the money markets Correct Answer: Option D…

6 years ago

The second equation of exchange is?

A. MV = PT B. P = MK/R C. P = MV/T D. P=MV Correct Answer: Option B B. P…

6 years ago

The term M³ comprises M¹ together with deposits on deposit account held by?

A. banks only B. discount houses only C. banks and discount houses D. banks, discount houses and stock, exchanges Correct…

6 years ago

The following are measures of location except?

A. Arithmetic mean B. Harmonic mean C. Range D. Geometric mean Correct Answer: Option C C. Range Explanation The measure…

6 years ago

Gross national expenditure at factor cost is_________?

Use the following information given to answer this question Total of all expenditure incurred during the year ₤ 80,000m Indirect…

6 years ago

National income is__________?

Use the following information given to answer this question Total of all expenditure incurred during the year ₤ 80,000m Indirect…

6 years ago