by Sunday | Jul 31 | Economics WAEC
A. ineffective use of crude implements B. inability of farmers to adopt modern technology C. introduction of the Green Revolution programme D. declining population growth rate Correct Answer: Option B – inability of farmers to adopt modern...
by Sunday | Jul 31 | Economics WAEC
A. Average fixed cost B. Marginal cost C. Average variable cost D. Average cost Correct Answer: Option D – Average cost
by Sunday | Jul 31 | Economics WAEC
A. maker B. taker C. giver D. bidder Correct Answer: Option B – taker
by Sunday | Jul 31 | Economics WAEC
A. rises and falls faster than the marginal cost B. is U-shaped and intersects the price axis C. is always higher than the average variable cost D. falls continuously but is never equal to zero Correct Answer: Option D – falls continuously but is never equal to...
by Sunday | Jul 31 | Economics WAEC
A. large number of buyers and sellers in the market B. awareness of market conditions by buyers C. availability of substitutes D. heterogeneity of products Correct Answer: Option D – heterogeneity of products