If the price per unit is N2, what is the average revenue ...
If the price per unit is N2, what is the average revenue when 6 men are employed?
N220
N120
110
N330
Correct answer is C
Average revenue (AR), is revenue per unit and is found by dividing TR by the quantity sold, Q.
Hence we have: 66066606 = 110
In a public company, entrepreneural function are performed by the ...
Governments in West Africa can curtail inflation by ...
The land tenure system in Nigeria impedes agricultural production because ...
If the demand for one commodity excludes another, it is said to be ...
Commericial banks help in economic development mainly by ...
In the long run, the equilibrium point of a monoplistic firm is a point where the ...
In a period of unemployment and falling prices, the government should adopt a ...
Which of the following is NOT a measure for controlling inflation? ...