by Sunday | Nov 8 | Economics WAEC
A. total cost and marginal cost B. total revenue and total cost C. average cost and total cost D. price and total cost Correct Answer: Option B B. total revenue and total cost Explanation Total profit is determined by subtracting total costs from revenues. Total...
by Sunday | Nov 8 | Economics WAEC
A. elastic B. inelastic C. zero elastic D. unitary elastic Correct Answer: Option B B. inelastic Explanation The numerical values for the PED coefficient could range from zero to infinity. In general, the demand for a good is said to be inelastic (or relatively...
by Sunday | Nov 8 | Economics WAEC
A. elastic demand B. perfectly elastic demand C. inelastic demand D. unitary elastic demand Correct Answer: Option C C. inelastic demand Explanation Inelastic demand in economics is when people buy about the same amount whether the price drops or...
by Sunday | Nov 8 | Economics WAEC
A. real per capita income B. level of primary production C. population growth rate D. level of illiteracy Correct Answer: Option A A. real per capita income Explanation Common Characteristics of Developing Economies Low per capita real income. High population growth...
by Sunday | Nov 8 | Economics WAEC
A. commercial banks B. co-operative credit societies C. central banks D. development banks Correct Answer: Option A A. commercial banks Explanation A joint-stock company is a business owned by people called shareholders. Each shareholder owns company stock in...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.