One problem in the marketing of agricultural products in Nigeria is
The seasonal nature of the commodities
High price of the commodities
The changing tastes of consumers
Inadequate storage facilities
Correct answer is D
No explanation has been provided for this answer.
The concept of privatization presupposes
Efficiency
Marketing trade
Indigenization
Foreign trade
Correct answer is A
No explanation has been provided for this answer.
A distinguishing characteristic of cooperative societies is that voting power depends on the
Number of shares held
Status of the member
Equality of members
Management's decision
Correct answer is C
No explanation has been provided for this answer.
At the point where the marginal revenue of a monopolist is equal to zero, its total revenue will be
Falling
Rising
Equal to zero
Maximum
Correct answer is D
No explanation has been provided for this answer.
The short-run equilibrium in a perfectly competitive market requires that
Marginal cost be equal to total revenue
Marginal cost and marginal revenue be equal
Costs are mutually determined by buyers and sellers
The marginal cost curve cuts the total cost curve
Correct answer is B
In the short run, equilibrium will be affected by demand.
A short run competitive equilibrium is a situation in which the price is such that the total amount the firms wish to supply is equal to the total amount the consumers wish to demand.