A. the price of the goods B. the price of other goods C. the income of consumers D. tastes and…
A. a change in supply B. a change in the quantity supplied C. an increase in the quantity supplied D.…
A. 4.1 B. 67.2 C. 82.0 D. 91.8 Correct Answer: Option B - 67.2 Explanation The variance is the square…
A. deductive reasoning B. inductive reasoning C. normative reasoning D. positive reasoning Correct Answer: Option B - inductive reasoning Explanation…
A. scale of preference and choice B. opportunity cost and choice C. wants and means D. opportunity cost and scale…
A. command economy B. traditional economy C. market economy D. feudal economy Correct Answer: Option C - market economy Explanation…
A. 53 B. 86 C. 212 D. 213 Correct Answer: Option A - 53 Explanation Average product is found…
A. 42 B. 85 C. 144 D. 213 Correct Answer: Option D - 213 Explanation marginal product is calculated as…
A. N10.8 million B. N7.2 million C. N3.6 million D. N2.4 million Correct Answer: Option B - N7.2 million Explanation…
A. 600.0 B. 166.7 C. 60.0 D. 16.7 Correct Answer: Option D = 16.7 Explanation Percentage contribution of the transport…