by Sunday | Oct 20 | Economics JAMB
A. Fixed cost B. Total cost C. Average cost D. Marginal cost Correct Answer: Option D – Marginal cost Explanation Marginal cost is the additional cost incurred in the production of one more unit of a good or...
by Sunday | Oct 20 | Economics JAMB
A. Minimum price B. Shut-down price C. Maximum price D. Mark-up price Correct Answer: Option A – Minimum price
by Sunday | Oct 20 | Economics JAMB
A. Total product starts declining B. Average product has become zero C. Diminishing returns has set in D. Increasing returns is operating Correct Answer: Option C – Diminishing returns has set in Explanation Diminishing returns is the decrease in the marginal...
by Sunday | Oct 20 | Economics JAMB
A. Low birth rate B. Low per capita income C. High wage rate D. Full employment Correct Answer: Option B – Low per capita income
by Sunday | Oct 20 | Economics JAMB
A. Exchange rate B. Fiscal policy C. Risk associated with the loan D. Rate of production in the country Correct Answer: Option C – Risk associated with the loan Explanation They make money on the interest they charge on loans because that interest is higher than...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.