by Sunday | Aug 1 | Economics WAEC
A. useful information to the manufacturer about consumers taste B. after-sales services to the consumers C. useful information to the costumers on the benefits and uses of the product D. useful information about market trends and finance to the manufacturer Correct...
by Sunday | Aug 1 | Economics WAEC
A. unitary B. greater than one C. infinite D. less than one Correct Answer: Option C – infinite
by Sunday | Aug 1 | Economics WAEC
A. normal B. elastic C. inelastic D. abnormal Correct Answer: Option C – inelastic
by Sunday | Aug 1 | Economics WAEC
A. long-run marginal cost B. long-run average cost C. long-run total cost D. short-run marginal cost Correct Answer: Option B – long-run average cost
by Sunday | Aug 1 | Economics WAEC
A. Marginal product and average product curves rise and fall together B. Marginal product equals average product at the minimum point of the latter C. Average product curve will rise as product is greater than average product D. Marginal product at the maximum point...