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4671

A firm's average cost decreases in the long-run because of

  • A. increasing returns to scale
  • B. diminishing average returns
  • C. decreasing average fixed cost
  • D. decreasing marginal returns
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4672

What is the median term in the distribution below; 14, 13 29,15,13,17,12.

  • A. 14
  • B. 13
  • C. 15
  • D. 12
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4673

The following are type of business organization EXCEPT

  • A. co-operative society
  • B. partnership
  • C. Entrepreneurship
  • D. public corporation
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4674

From the diagram below, moving from point A to B and from B to c is due to

  • A. Economic depression
  • B. Unemployment
  • C. Economic growth
  • D. Opportunity cost
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4675

The contribution of petroleum to the economy of Nigerian is most prominent in the area of

  • A. revenue generation
  • B. infrastructural development
  • C. fuel provision
  • D. employment generation
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