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Economics WAEC Past Questions

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861

Which of the following is regarded as fixed cost?

  • A. expenditure on raw materials
  • B. expenditure on fuel
  • C. expenditure on power
  • D. rent on land
View Answer & Discuss WAEC 2008
862

Revenue is the

  • A. cost of good multiplied by the quantity sold
  • B. price of goods multiplied by the quantity sold
  • C. quantity of goods plus purchase price
  • D. quantity supplied less quantity sold
View Answer & Discuss WAEC 2008
863

A business outfit is said to be a public limited company when it

  • A. is owned by the government
  • B. operates as a public corporations
  • C. is run by the public
  • D. sells its shares to members of the public
View Answer & Discuss WAEC 2008
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864

The main characteristics of an ordinary shares are

  • A. maximum risk, fixed dividends, voting rights
  • B. minimum risks, fixed dividends, no voting rights
  • C. maximum risks, variable dividends, voting rights
  • D. minimum risks. fixed dividends, no voting rights
View Answer & Discuss WAEC 2008
865
the monopolist can determine
  • A. price and output
  • B. price only
  • C. output only
  • D. price or output
View Answer & Discuss (6) WAEC 2008
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts