Economist speaks about ‘opportunity cost’ whe...
Economist speaks about ‘opportunity cost’ when a consumer
He has the change to minimize cost
Has to forgo one thing in order to have another
Can equate his fix costs with his variable costs
Is able to save part of his income
Correct answer is B
No explanation has been provided for this answer.
Demand in Economics is synonymous with ...
The main economic goal of ECOWAS is the attainment of ...
The central bank Can reduce the ability of commercial banks to give out loans by ...
Joint ventures are partnerships involving ...
The land tenure system in Nigeria impedes agricultural production because ...
From the table above, the average product of the 3rd unit of labour is ...
In national income accounts, an item counted as part of government spending is ...