Abdul is faced with a choice between buying a new NOTE bo...
Abdul is faced with a choice between buying a new NOTE book and a pen with N10. Since the N10 can NOT give him both items he decide to buy NOTE book. The money cost to him is
N10
N20
N30
N40
N50
Correct answer is A
Money cost is the cost of acquiring a product or service in available cash. N10 is the money cost.
Given that Y= C+I, where C= 50+0.75 and I = N45m, what is the equilibrium level of income? ...
Inflation that is usually associated with periods of trade boom is ...
In the short-run a firm marginal cost curve above the point of shut-down is its ...
At the consumer equilibrium, the slope of the indifference curve is ...
Factory buildings, machinery and raw materials are known in Economics as ...