by Sunday | Oct 24 | Economics JAMB
A. continue to decrease B. remain unchanged C. continue to increase D. be equal to the total cost Correct Answer: Option A – continue to decrease
by Sunday | Oct 24 | Economics JAMB
A. MP is greater than AP B. MP is less than AP C. MP is equal to AP D. MP is equal to zero Correct Answer: Option A = MP is greater than AP
by Sunday | Oct 24 | Economics JAMB
A. output is transformed into input B. machines replace human effort C. input is transformed into output D. there is specialization and division of labour Correct Answer: Option C – input is transformed into output
by Sunday | Oct 24 | Economics JAMB
A. consumers B. producers C. auction D. government Correct Answer: Option D – government
by Sunday | Oct 24 | Economics JAMB
A. an increase in equilibrium price and a decrease in equilibrium quantity B. a decrease in equilibrium price and an increase in equilibrium qantity C. a decrease in equilibrium price and equilibrium quantity D. an increase in equilibrium price and quantity Correct...