From the diagram shown, the optional point of production is_____________?
R
T
S
U
Correct answer is C
No explanation has been provided for this answer.
Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level of income?
N20m
N380m
N200m
N180m
Correct answer is B
No explanation has been provided for this answer.
Karl Marx
Adam Smith
David Ricardo
J.M Keynes
Correct answer is B
No explanation has been provided for this answer.
The coefficient of the price elasticity of supply is always_____________
Constant
Zero
Positive
Negative
Correct answer is C
No explanation has been provided for this answer.
An upward movement along the same supply curve result in_____________
A decrease in price
An increase
An increase in quantity supplied
A decrease In quantity supplied
Correct answer is C
No explanation has been provided for this answer.
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