2012
The demand curve for a commodity is downward sloping because the consumer will pay
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2012 WAEC SSCE Economics Past Questions
2012
A demand schedule shows the quantities of goods that are
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2012
Where a commodity takes an insignificant proportion of the consumer's income, demand for it will be
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2012
why is the law of diminishing returns a short run phenomenon?
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2012
The law of diminishing marginal utility applies to a
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2012
If a particular consumer derives total utility of 22 units having consumed 4 units of a given product, his average utility will be
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2012
Given the demand function Qd = 20 - 1/2P. What is Qd when P is $12?
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2012
The allocation of goods and services in a free market economy is performed by
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2012
One reason why small scale businesses are very common in West Africa is that
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2012
An arrangement in which the debts of a company can only be paid from its own assets implies
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2012
If a firm's price is less than average cost but more than part of variable cost, the firm is covering
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2012
In the firm's production process, marginal cost
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2012
Which of the following is capable of increasing the population of a country?
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2012
`The difference between the number of immigrants and emigrants is
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2012
Which of the following is a function of a retailer?
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2012
The type of monopoly that develops as a result of granting patent right is known as
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2012
The factor of production whichtakes the initiative in combining resources for production is known as
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2012
A public limited company could finance its operations through
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2012
One of the problems facing industrial development in West African countries is
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2012
Which of the following features best describes peasant agriculture in West Africa? It
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