by Sunday | Oct 21 | Economics JAMB
A. Increasing its expenditure on advertising B. Increasing the workforce C. Locating in an area in which the industry is already established D. Merging with another domestic firm engaged in the same industry Correct Answer: Option C – Locating in an area in...
by Sunday | Oct 21 | Economics JAMB
A. rate of inflation B. input-output ratio C. buying more machines D. unemployment rate Correct Answer: Option B – input-output ratio Explanation Efficiency of labour is the output per man per unit of time the combination of inputs in order to produce a required...
by Sunday | Oct 21 | Economics JAMB
A. MUX = MUA B. MUX = PX C. PX = X D. PX = PY Correct Answer: Option B – MUX = PX Explanation A consumer utility is maximized when the marginal utility per amount spent on a product is equal to the price.
by Sunday | Oct 21 | Economics JAMB
A. perfectly elastic B. perfectly inelastic C. down-ward sloping D. upward sloping Correct Answer: Option B – perfectly inelastic Explanation Perfectly inelastic is when a change in price has an no effect on quantity demanded. The coefficient is...
by Sunday | Oct 21 | Economics JAMB
A. efficient management B. adequate labour supply C. small size of the market D. adequate supply of raw materials Correct Answer: Option C – small size of the market Explanation A smaller market will discourage mass production. But efficient management, adequate...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.