by Sunday | Oct 29 | Economics JAMB
A. highest point on the total revenue curve B. minimum point on the average revenue and the average cost curve C. intersection of the average revenue and the average cost curves D. intersection of the marginal cost and marginal revenue curves Correct Answer: Option C...
by Sunday | Oct 29 | Economics JAMB
A. tends to rise continuously B. remains constant C. rises and then falls D. tends to decreased continuously Correct Answer: Option D – tends to decreased continuously
by Sunday | Oct 29 | Economics JAMB
A. an increase in output-input ratio B. a decrease in output-input ratio C. the constancy of input-output ratio D. an increase in input-output ratio Correct Answer: Option A – an increase in output-input ratio
by Sunday | Oct 29 | Economics JAMB
A. ambiguous B. oversimplified C. pessimistic D. optimistic Correct Answer: Option C – pessimistic
by Sunday | Oct 29 | Economics JAMB
A. public service B. worker’s union C. rate of inflation D. supply and demand for labour Correct Answer: Option D – supply and demand for labour
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