by Sunday | Oct 28 | Economics JAMB
A. perfect mobility of factors of production B. many buyers and few sellers C. a large number of buyers and sellers D. non-preferential treatment Correct Answer: Option B – many buyers and few sellers
by Sunday | Oct 28 | Economics JAMB
A. original quantity to a change in new quantity B. quantity supplied to the change in price C. price to the change in quantity supplied D. quantity supplied to the change in demand Correct Answer: Option B – quantity supplied to the change in...
by Sunday | Oct 28 | Economics JAMB
A. scale of operation B. total revenue C. total outputs D. variable inputs Correct Answer: Option A – scale of operation
by Sunday | Oct 28 | Economics JAMB
A. price and supply is positive B. demand and price is positive C. supply and price is negative D. price and demand is negative Correct Answer: Option A – price and supply is positive
by Sunday | Oct 28 | Economics JAMB
A. a monopolistic competitor as it can have a limited influence on the price B. a monopolist as it can have a great influence on price C. a perfect competitor as it cannot influence the market price D. an oligopolist as it can collide with other firms to have some...
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