The supply of farm produce is mainly determined by
The long-run total cost curve shows the cost of
If Qd = 40-4P and P = N4, what is the quantity demanded?
The failure of the Nigeria industrial sector is mainly associated with
From the table above, find the range of the distribution
1 out of 5
Determine the median of 6 10, 5, 12, 20, 18, 20 and 4
The supply of agricultural products is mainly determined by
The overall economic performance of a country can be assessed through
When the selling price of a monopolist is below his short-run marginal cost, he is said to be making
From the graph above, find the modal score
In the theory of production, the price of a factor input is determined by
If a fall in the price of commodity K brought about an increase in the demand for commodity Y, the two commodities are
2 out of 5
Government can protect consumers from exploitative prices by introducing
The short-run equilibrium point of a perfectly competitive firm is attained at a point where
In Nigeria, a fall in the supply of petrol would generally affect the
The basic economic problem of what to produce in an economy is determined by
In a free market economy, prices are determined by
Training farmers on the improved farming techniques is the major activity of
The major implication of high dependency ratio on an economy is
One of the major problems of agricultural sector in Nigeria is
Cooperative societies are characterized with
The marginal propensity to save measures the
3 out of 5
Structural unemployment is mainly caused by
One of the major problems of census in Nigeria is
A decrease in government expenditure in an economy will cause general price level to
From the table above, find the values of K and F respectively
In the theory of consumer behaviour, the sum of all marginal utilities is
In a pure capitalist economy, the means and forces of production are owned and controlled by the
A factor earning which is paid out as unemployment benefit is referred to as
The demand for money is referred to as the
In the theory of production, a producer is at equilibrium at a point where
Balance of trade shows the relationship between the
If the cash reserve ratio is 30%, a new deposit of ₦20 million will increase supply by
A fall in the price c f ostentatious goods will
Payment of interests on loans and the repayment of capital sum at a future date is
4 out of 5
The most difficult measure of central tendency to determine in a grouped data is
Localization of industry is mainly determined by
Geographical distribution of a population is affected by
A tax burden on a commodity will be shared equally if the demand is
Higher income taxes can be used to control
From the graph above, a shift of the Supply curve from S0S0, to S1S1 will lead to
An indifference map is made up of a set of
Recapitalization policy will enable commercial banks to
The number of persons required to form a private company ranges from
The major function of international monetary funds is the
One of the major activities in the upstream sector of the Nigeria petroleum industry includes
One of the major activities in the upstream sector of the Nigeria petroleum industry includes
5 out of 5