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Economics WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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771
buying and selling of shares is a function performed mostly by the
  • A. insurance companies
  • B. stock exchanges
  • C. merchant banks
  • D. discount houses
View Answer & Discuss WAEC 2006
772
which of the following is not a reason for establishing public enterprises?
  • A. discouraging investors
  • B. opening up neglected parts of the country
  • C. effective control of a natural monopoly
  • D. rapid economic development
View Answer & Discuss WAEC 2006
773
For a monopolist, the average revenue (AR) curve is
  • A. above the total curve
  • B. the same as the marginal cost curve
  • C. above the marginal revenue curve
  • D. the same as that of the perfect competitor
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774
advertising expenses would not be necessary under perfect competition because
  • A. consumers would have complete knowledge of goods
  • B. cost of production would be at the maximum level
  • C. every firm would enjoy the benefits of large scale production
  • D. income of the consumers in the community would be high
View Answer & Discuss WAEC 2006
775
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
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts