At the maximum point of the total product curve of a firm, marginal revenue is
Decreasing
Increasing
Constant
Zero
Correct answer is D
No explanation has been provided for this answer.
The role of the Central Bank in the economic development of Nigeria is to
Give short-and medium-term loans to the public
Give financial and technical advice to customers
Use cheques and bankdrafts to faciliate business transactions
Maintain a stable price system
Correct answer is D
No explanation has been provided for this answer.
By advertising, a monopolistic competitive firm tries to shift its
Supply curve to the right
Demand curve to the right
Supply curve to the left
Demand curve to the left
Correct answer is B
No explanation has been provided for this answer.
Given that Y = C + I and C = bY where b = 0.8, what is the multiplier?
5
10
4
2
Correct answer is A
No explanation has been provided for this answer.
The labour force of a country can be determined by examining the
Age structure of the population
Sex distribution of the population
Geographical distribution of the population
Occupational distribution of the population
Correct answer is A
No explanation has been provided for this answer.