If the marginal utility of the last unit of commodity X a...
If the marginal utility of the last unit of commodity X at N2 is 16 and that of commodity Y at N 4 is 24, the consumer will be at equilibrium when
The price-quantity ratios are equal
Equal amounts of X and Y are consumed
Less of Y and more of X are consumed
Less of X and more of Y are consumed
Correct answer is A
No explanation has been provided for this answer.
Which of the following is used by the Central Bank of Nigeria to control inflation? ...
The market structure in which there is interdependence of price-output policies is ...
One of the features of a free market economy is that ...
Indirect tax are taxes which ...
Time deposit has the same meaning as ...
The main objective of WTO is to ...
These are the objectives of industrial strategies in Nigeria EXCEPT ...
Opportunity cost is define as the ...
Effective demand for a commodity is desire for that commodity backed by______ ...