by Sunday | Nov 6 | Economics WAEC
A. greater than his marginal utility B. less than his marginal utility C. equal to his marginal utility D. equal to his total utility Correct Answer: Option C C. equal to his marginal utility Explanation A consumer is rational if he decides for the option that...
by Sunday | Nov 6 | Economics WAEC
A. change and taste and fashion of consumers B. increase in the income of consumers C. a fall in the cost of production D. increase in the price of a product Correct Answer: Option C C. a fall in the cost of production Explanation An increase in supply is illustrated...
by Sunday | Nov 6 | Economics WAEC
A. time period B. cost of production C. size of consumer income D. nature of the product Correct Answer: Option D D. nature of the product Explanation It refers to how the amount supplied of a good or service changes in response to a price or factor change. Factors...
by Sunday | Nov 6 | Economics WAEC
A. from a single producer B. in the warehouse of producers C. offered for sale at a market place D. produced for the market Correct Answer: Option C C. offered for sale at a market place Explanation In economics, effective demand (ED) in a market is the demand for a...
by Sunday | Nov 6 | Economics WAEC
A. the level of technology B. the price of the commodity C. cost of production D. taxation Correct Answer: Option C C. cost of production Explanation Supply curve shift: Changes in production cost and related factors can cause an entire supply curve to shift right or...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.