The type of business organizations mostly used for producing public goods in Nigeria is
Sole proprietorships
Limited liability companies
Co-operative societies
Statutory corporations
Correct answer is D
No explanation has been provided for this answer.
The demand curve would shift to the left when there is a rise in
Constant proportions
Constant complement
Income
The supply of the commodity
Correct answer is B
No explanation has been provided for this answer.
Which of the following occurs in the circular flow of economic activities with no leakages
Consumption equals saving
Saving equals investment
Imports equal exports
National income equals national expenditure
Correct answer is B
No explanation has been provided for this answer.
P = 12, Q = 16
P = 15, Q = 10
P = 12, Q = 14
P = 16, Q = 12
Correct answer is D
No explanation has been provided for this answer.
Average total cost less the sum of average variable cost
Half the sum of all costs
Total fixed cost divided by the level of output
Total fixed cost plus marginal cost
Correct answer is C
No explanation has been provided for this answer.