15k, 13,000
20k, 17,500
13k, 20,000
18k, 18,000
18k, 15,000
Correct answer is E
No explanation has been provided for this answer.
Commercial banks can create money in the following ways
By issuing coins and paper money
By borrowing money from Banks abroad
By receriving deposits from individuals
By printing money on the instructions of the Central Bank
None of the above
Correct answer is E
No explanation has been provided for this answer.
Wholly by the supplier
Wholly by the consumer
Partly by the supplier and partly by the consumer
Wholly by the middlemen
Partly by stockholder and partly by consumer
Correct answer is B
No explanation has been provided for this answer.
Study the table above: What is the marginal product of the second worker?
10
20
15
18
43
Correct answer is D
Is the change in output resulting from employing one more unit of a particular input, for instance, an increase in labour.
From the table above, when the firm had only 1 unit of labour, the output was 10. When it increased its labour to 2, the output increased to 28.
Therefore, marginal product of the second worker = 28 - 10 = 18
The quantity supplied of a commodity increases while
Production increases
Demand increses
Price of the commodity increases
Population of the country increases
More commodites are imported
Correct answer is C
No explanation has been provided for this answer.
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