If the economy of the country is operating at X, the implication is that
The productive capacity is being fully utilized
The productive capacity is not being fully utilized
Too little of consumer goods is being produced
There is a disequilibrium between the production of capital and consumer goods
Correct answer is B
No explanation has been provided for this answer.
I
J
K
L
Correct answer is B
No explanation has been provided for this answer.
What type of unemployment is revealed by the dotted lines on the graph?
Frictional unemployment
Cyclical unemployment
Circular unemployment
Underemployment
Correct answer is B
No explanation has been provided for this answer.
Using the table calculate the net income
N58m
N54m
N50m
N46m
Correct answer is D
No explanation has been provided for this answer.
Determine the marginal revenue if the total revenue is 80.00
6.00
12.00
14.00
18.00
Correct answer is B
Company calculates marginal revenue by dividing the change in total revenue by the change in total output quantity.
changes in total revenue = 80 - 68 = 12
change in output = 1
therefore 12/1 = 12
so when total revenue is 80, the marginal revenue would be 12
| outputs in units | total revenue in N | Average revenue in N | marginal revenue in N |
| 1 | 20 | 20 | 20 |
| 2 | 38 | 19 | 18 |
| 3 | 54 | 18 | 16 |
| 4 | 68 | 17 | 14 |
| 5 | 80 | 16 | 12 |
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