In the long run; the equilibrium point of a monopolistic firm is a point where the?
A. marginal cost curve is tangential to the average fixed cost curve B. demand curve is tangential to the average variable cost curve C. supply curve is tangential to the marginal cost curve D. demand curve is tangential to the average cost curve Correct Answer:...
The regulatory authority of the capital market in Nigeria is the?
A. Central Bank B. Securities and Exchange Commission C. Nigerian Deposit Insurance Corporation D. Stock Exchange Market Correct Answer: Option B – Securities and Exchange Commission
A constraint on the expansion of a firm is the?
A. Rate of advertisement B. Level of producers income C. Tastes of the consumers D. Size of the market Correct Answer: Option D – Size of the market
What is the average product when 3 men are employed?
Number of Men 1 2 3 4 5 6 7 8 Total product (Unit) 200 440 540 600 640 660 660 640 A. 120 units B. 540 units C. 100 units D. 180 units Correct Answer: Option D – 180...Products
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