by Sunday | Nov 6 | Economics WAEC
A. their private properties B. both company and private properties C. only the capital invested D. only their dividends Correct Answer: Option C C. only the capital invested Explanation Joint-stock company is a company whose stock is owned jointly by the shareholders....
by Sunday | Nov 6 | Economics WAEC
A. government appointees are members of the board B. they are run by elected public officers C. electoral principles are adopted in the day-to-day management D. shareholders elect the board of directors Correct Answer: Option D D. shareholders elect the board of...
by Sunday | Nov 6 | Economics WAEC
A. greater than average cost B. less than average variable cost C. equal to the minimum average cost D. equal to the average cost Correct Answer: Option B B. less than average variable cost Explanation A firm will choose to implement a shutdown of production when the...
by Sunday | Nov 6 | Economics WAEC
A. law of diminishing marginal returns B. concept of economies of scale C. law of comparative cost advantage D. theory of division of labour Correct Answer: Option A A. law of diminishing marginal returns Explanation Diminishing returns, also called law of diminishing...
by Sunday | Nov 6 | Economics WAEC
A. increasing returns to scale B. diminishing average returns C. decreasing marginal returns D. decreasing average fixed cost Correct Answer: Option C C. decreasing marginal returns Explanation In the long run, when all inputs under the control of the firm are...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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