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2201
The equilibrium level of output of a monopolist is determined at a point where
  • A. marginal cost equals average revenue
  • B. marginal cost equals acerage cost
  • C. marginal cost equals marginal revenue
  • D. marginal revenue equals average cost
View Answer & Discuss WAEC 2006
2202
Which of the following is a legal tender in West Africa?
  • A. Treasury Bill
  • B. Share
  • C. Credit card
  • D. Currency
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2203
The policy of government to increase the supply of money to meet its own expenditure plans is likely to be
  • A. speculative
  • B. deflationary
  • C. inflationary
  • D. contractionary
View Answer & Discuss WAEC 2006
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2204
The tendency for prices to rise while the value of money fall is known as
  • A. bills of exchange
  • B. inflation
  • C. depreciation
  • D. deflation
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2205
One way to solve the economic problem of inflation in a country is by increasing the
  • A. supply of commodities
  • B. supply of currency
  • C. salaries of workers
  • D. demand for commodities
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