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1996 WAEC Economics Theory The daily sales of a department store for one week are as follows  Days Mon...

Economics
WAEC 1996

The daily sales of a department store for one week are as follows 

Days Mon Tue. Wed. Thu. Fri. Sat.
Sales N 1750 1000 3500 2250 1000 2500

(a) Present the above data in a bar graph. (The use of   graph sheet is essential). 
(b) Calculate the average utility curve.

 

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Explanation


(b) Average daily sales for the week =
 Total sales  
No. of days
\(\frac{N1,750 + 1,000 + 3,500 + 2,250 + 1,000 + 2,500} {6}\) 

\(\frac{12000}{6}\) = N2,000 


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free