Economics

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Past Questions

Question 4751
waec 2024
a

perfectly elastic.

b

fairly inelastic.

c

perfectly inelastic.

d

fairly elastic.

Question 4752
waec 2024
a

consumer's choice.

b

increasing returns to scale

c

diminishing returns to scale

d

diminishing marginal utility.

Question 4753
waec 2024
a

Small scale producers.

b

foreign companies.

c

government.

d

consumers.

Question 4754
waec 2024
a

$10

b

$30

c

$30

d

$40

Question 4755
waec 2024
a

average cost to rise.

b

marginal revenue to fall.

c

marginal cost to fall.

d

firm to be de- stabilized.

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