by Sunday | Aug 8 | Economics WAEC
A. Ceteris paribus, marginal cost increase as output increases B. As new firms enter the market, factor price moves up C. Firms are in business to satisfy consumers D. Marginal cost often increases in a competitive market E. Firms are in business to produce goods...
by Sunday | Aug 8 | Economics WAEC
A. the optimum size of population B. marriage and family C. the regulation of trade unions D. the period of training E. culture and religious beliefs Correct Answer: Option A – the optimum size of population
by Sunday | Aug 8 | Economics WAEC
A. the general price level B. effective supply C. the equilibrium price D. effective demand E. consumer income Correct Answer: Option A – the general price level
by Sunday | Aug 8 | Economics WAEC
A. Current account items B. Visible exports C. Capital account items D. Invisible exports E. Visible imports Correct Answer: Option B – Visible exports
by Sunday | Aug 8 | Economics WAEC
A. output method B. Income method C. Expenditure method D. Value-added method E. Depreciation method Correct Answer: Option E – Depreciation method