by Sunday | Oct 22 | Economics JAMB
A. marginal cost B. total cost C. variable cost D. fixed cost Correct Answer: Option B – total cost Explanation R represents Total cost which is the total economic cost of production and is made up of variable cost and fixed cost. The diagram below would help...
by Sunday | Oct 22 | Economics JAMB
A. F B. S C. M D. K Correct Answer: Option B = S Explanation From the above diagram, consumers would mostly likely get the highest level of utility at point S. Because at point S, 3 of Y = 3 of X
by Sunday | Oct 22 | Economics JAMB
A. consumers’ income B. demand C. consumers’ tastes D. quantity demanded Correct Answer: Option D – quantity demanded Explanation A change in quantity demanded refers to a change in the specific quantity of a product that buyers are willing and able...
by Sunday | Oct 22 | Economics JAMB
A. shows whether a good is normal or inferior B. shows the relationship between variables C. reveals the magnitude of the change between variables D. helps to determine the unit of measurement of variables Correct Answer: Option C – reveals the magnitude of the...
by Sunday | Oct 22 | Economics JAMB
A. corruption is rampant B. consumer’s sovereignty is lost C. income inequality is entrenched D. there is high level of unemployment Correct Answer: Option A – corruption is rampant
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.