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911
Government fixing of prices below the equilibrium point is aimed at protecting the
  • A. sellers
  • B. industries
  • C. distributors
  • D. consumers
View Answer & Discuss WAEC 2009
912
A consumer maximizes his utility in consuming a good 'X' when
  • A. Mux = Px
  • B. Px > Mux
  • C. price is falling
  • D. Mux > Px
View Answer & Discuss WAEC 2009
913
The relationship between Marginal Product (MP) and Average Product (AP) is such that they are equal when
  • A. average product is maximum
  • B. Average product is minimum
  • C. Marginal Product is maximum
  • D. Marginal Product is increasing
View Answer & Discuss (1) WAEC 2009
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914
who among the following is the intermediary between the producer and the retailer?
  • A. agent
  • B. wholesaler
  • C. consumer
  • D. distributor
View Answer & Discuss (1) WAEC 2009
915
which of the following sector is most capital intensive?
  • A. insurance
  • B. petroleum
  • C. commerce
  • D. tourism
View Answer & Discuss WAEC 2009
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