by Sunday | Aug 7 | Economics WAEC
A. law of increasing returns B. law of constant returns C. law of diminishing returns D. concepts of economies and diseconomies of scale Correct Answer: Option A – law of increasing returns
by Sunday | Aug 7 | Economics WAEC
A. labour-intensive B. capital-intensive C. fixed D. technology-intensive Correct Answer: Option A – labour-intensive
by Sunday | Aug 7 | Economics WAEC
A. VC =TC + FC B. VC = TC – FC C. VC = TC/FC D. VC = (TC)/(FC) Correct Answer: Option B – VC = TC – FC
by Sunday | Aug 7 | Economics WAEC
A. standard of living in urban areas B. total productivity of labour in rural areas C. marginal productivity of labour in rural areas D. marginal productivity of labour in the urban areas Correct Answer: Option D – marginal productivity of labour in the urban...
by Sunday | Aug 7 | Economics WAEC
A. reduce the death rate B. limit the number of women a man can marry C. keep the population growth rate constant D. raise the standard of living of the population Correct Answer: Option D – raise the standard of living of the...