by Sunday | Oct 27 | Economics JAMB
A. a leftward shift of the supply curve B. a rightward shift of the supply curve C. a movement along the supply curve D. an increase in elasticity of supply Correct Answer: Option C – a movement along the supply curve
by Sunday | Oct 27 | Economics JAMB
A. average variable cost curve at its highest point B. average cost curve at its lowest point C. average cost curve at its lowest point D. total cost curve at its lowest point Correct Answer: Option C – average cost curve at its lowest...
by Sunday | Oct 27 | Economics JAMB
A. diminishing returns to scale B. returns to scale C. external economies of scale D. economies of scale Correct Answer: Option B – returns to scale
by Sunday | Oct 27 | Economics JAMB
A. location of sites B. output generated C. size of production D. techniques of production Correct Answer: Option A – location of sites
by Sunday | Oct 27 | Economics JAMB
A. subsidiary industries to increase the number of industries B. main industries to increase output C. industries to reduce imports D. subsidiary industries to feed the main industry Correct Answer: Option D – subsidiary industries to feed the main...
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