A contractionary monetary policy is used to control__________

Consider the following figures which refer to a firm's production department during one week:

Wage bill ₦6,000, Rent, Rates, Depreciation ₦200, raw materials ₦800, Power ₦300.
Total variable costs incurred during the week are

If AC and MC are represented on a graph, the MC curve will cut the AC curve_______

Consider the diagram below which shows a demand curve (d).

Total expenditure on a commodity is represented by the area TUVW. Consumer's surplus is represented by___________

Adam Smith's Theory of value stated that the value of a commodity depended on________