Given that Y= C+I, where C= 50+0.75 and I = N45m, what is the equilibrium level of income?
N380m
N20m
N180m
N200m
Correct answer is A
No explanation has been provided for this answer.
In the long run, the equilibrium point of a monoplistic firm is a point where the
Marginal cost curve is tangential to the average fixed cost curve
Demand curve is tangential to the average variable cost curve
Supply curve is tangential to the marginal cost curve
Demand curve is tangential to the average cost curve
Correct answer is B
No explanation has been provided for this answer.
The regulatory authority of the capital market in Nigeria is the
Central Bank
Securities and Exchange Commission
Nigerian Deposit Insurance Corporation
Stock Exchange Market
Correct answer is B
No explanation has been provided for this answer.
Supply is in excess of demand
Consumption of the commodity is restricted
Prices are set by government above the equilibrum
Prices are set by government below the equilibrium
Correct answer is B
No explanation has been provided for this answer.
In a textile factory, the cost of cotton used is a typical example of
An average cost
A variable cost
A fixed cost
A total cost
Correct answer is B
No explanation has been provided for this answer.