Subtracting total cost from total revenue
Subtracting average revenue from total cost
Dividing total revenue from total output
Dividing marginal revenue by marginal cost
Correct answer is A
No explanation has been provided for this answer.
A priority rating of aggregate individual's wants is called
Scarcity
Choice
Scale of preference
Opportunity cost
Correct answer is C
No explanation has been provided for this answer.
Per capita income in any West African country is measured by
Dividing the GNP by total population
Adding the total savings to the GNP
Multiplying the GNP by the total population
Subtracting the GNP fron the GDP
Correct answer is A
No explanation has been provided for this answer.
The benefits that result from concentrating similar firms in an area is referred to as
External diseconomies of scales
Internal diseconomies of scales
Internal economies of scales
External economies of scales
Correct answer is D
No explanation has been provided for this answer.
In long run, all factors inputs are
Variable
Diminishing
Constant
Fixed
Correct answer is A
No explanation has been provided for this answer.