by Sunday | Aug 6 | Economics WAEC
A. equate marginal revenue with marginal cost B. provide employment opportunities C. equate total revenue with total cost D. equate average revenue with average cost E. accumulate wealth for the nation Correct Answer: Option A – equate marginal revenue with...
by Sunday | Aug 6 | Economics WAEC
A. the market price of commodities B. a market where a single price rules C. a system of price allocation to the products of the same firm D. a system of resource allocation through supply and demand interaction E. a system which the market price is determined only...
by Sunday | Aug 6 | Economics WAEC
A. joint supply B. derived demand C. competitive demand D. competitive supply E. composite demand Correct Answer: Option C – competitive demand
by Sunday | Aug 6 | Economics WAEC
A. annual increase in population B. total population of a country at a given time C. addition to the total population over a given period D. increase in the working population over a given period E. percentage increase in population in a given year Correct Answer:...
by Sunday | Aug 6 | Economics WAEC
A. agriculture and allied industries B. mining and manufacturing C. the distributive trade D. commerce and industries E. mining and services Correct Answer: Option A – agriculture and allied industries