if AC = Average Cost of production , TC = Total Cost of production VC = Variable Cost of production FC = Fixed Cost of production Q = Quantity of goods producedThen,
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1982
The sloping downward of the demand curve implies that?
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1982
Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?
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1982
In an economy, if the proportion of people who are below 18 years is 40% and those above 60 years is 30% what would this imply? the
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1982
Monetary policy does NOT involve
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1982
Function of commercial banks do NOT include?
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1982
The chief sources of Federal Government revenue in Nigeria are?
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1982
The PAYE (Pay As You Earn) in Nigeria is an example of?
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1982
A commodity can be sold for two or more different prices if it is?
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1982
A good measure of the standard of living usually used for international comparison is
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1982
What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?
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1982
One of the ways by which Government derives revenue from industrial enterprises in West Africa is?
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1982
\(\begin{array}{c|c} \text{Unit of output} & \text{Table cost} \\ \hline 1 & 20 \\ 2 & 32 \\ 3 & 42 \\ 4 & 48 \\ 5 & 50 \\ \end{array}\)Inthe above table, the marginal cost of the 3rd unit of outp…
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1982
Public enterprises are supported on the grounds that they are undertaken for
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1982
The most dominant economic activity which employs the largest number of people in West Africa is?
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1982
which is not responsible for the decline infood production in West Africa?
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1982
If income rises from N200.00 to N250.00 and the amount spent on good X falls from N30.00 to N28.00, then good X is?
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1982
If the Central Bank intends to increase the money supply through open market operations then it will
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1982
Demand for money for speculative purposes means?
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1982
Price discrimination can be described profitably by a monopolist when the elasticity of demand for his product is