by Sunday | Jan 7 | Economics WAEC
A. loss B. super normal profit C. normal profit D. higher revenue Correct Answer: Option B B. super normal profit Explanation MRP = Marginal Revenue Product ARP = Average Revenue Product Therefore, if the wage rate is less than the ARP, the firm will make super-normal...
by Sunday | Jan 7 | Economics WAEC
A. P – C B. P + C C. PC D. P/C Correct Answer: Option A A. P – C Explanation Capital Formation or capital accumulation refers to increasing a country’s stock of real capital. There must be increase in savings and reduction in consumption of consumer...
by Sunday | Jan 7 | Economics WAEC
I – a bricklayer II – an automobile assembly-line worker III – an accountant IV – a cinema projectionist A. I only B. I, II C. II, III D. I, II, III, IV Correct Answer: Option B B. I, II Explanation Secondary production is the conversion or...
by Sunday | Jan 7 | Economics WAEC
A. The market price in a free market over a long period B. The over-all cost of production of the commodity C. The amount of labour expended on its production D. Its relative scarcity at any given time Correct Answer: Option C C. The amount of labour expended on its...
by Sunday | Jan 7 | Economics WAEC
Consider the diagram below which shows a demand curve (d). Total expenditure on a commodity is represented by the area TUVW. Consumer surplus is represented by? A. The area VWX B. The area XTUV C. XW/XT D. TU/UV Correct Answer: Option A A. The area VWX Explanation...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.