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2041
which of the following is an advantage of localization of industry?
  • A. development of subsidiary firms
  • B. creation of paralell markets
  • C. developments of slums
  • D. attraction of foreign capitals
View Answer & Discuss WAEC 2003
2042
The additional satisfaction derived from the consumption of one or more unit of a good is called
  • A. marginal products
  • B. marginal utility
  • C. marginal revenue
  • D. marginal cost
View Answer & Discuss WAEC 2003
2043
when the total products is at its maximum marginal products is
  • A. increasing
  • B. positive
  • C. negative
  • D. zero
View Answer & Discuss WAEC 2003
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2044
Marginal cost can be derived from the
  • A. total product
  • B. total revenue
  • C. total cost
  • D. average fixed cost
View Answer & Discuss WAEC 2003
2045
The market supply curve slopes upwards from left to right indicating that
  • A. at a lower price more is supplied
  • B. two commodities can be supplied at the same time
  • C. at a lower price, less is supplied
  • D. producers pay high taxes
View Answer & Discuss WAEC 2003
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts