Mr Idowu needs a television and a refrigerator. Each cost...
Mr Idowu needs a television and a refrigerator. Each cost N500.00, the exact amount he has. If Mr. Idowu buys the television, the refrigerator would be regarded as the
Marginal cost
Inferior item
Opportunity cost
Supplementary item
Prime cost
Correct answer is C
No explanation has been provided for this answer.
The indicator of the value of money in the market is the ...
Which of the following does NOT represent the behaviour of a monopolist ...
Palm oil industry is located in Bendel State because the state ...
An increase in the discount rate is an indication of a central bank's intention to pursue ...
An accurate census figure is an important tool for planners in ...
Import substitution industrialization refers to ...
The major determinant of the total volume of output in an economy is the ...
In order to boost agriculture, West African countries should pay more attention to ...