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Economics WAEC Past Questions

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1296

The amount of money that a firm recieves from the sales of its output is called

  • A. total profit
  • B. total revenue
  • C. total cost
  • D. average revenue
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1297

which of the following is trueof the monopolist

  • A. his average revenue curve is horizontal
  • B. He determines both price and output
  • C. his demand and marginal revenue curve are the same
  • D. he determines either price or output
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1298

Equity shares form the bulk of the capital of a?

  • A. private firm
  • B. public company
  • C. statutory company
  • D. limited partnership
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1299

if a state owned firm is sold through the stock market, the organisation becomes?

  • A. partnership
  • B. private company
  • C. public limited company
  • D. public corporation
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1300

The total number of people of working age who are willing and prepared to work at a given wage rate is the 

  • A. labour force
  • B. supply of labour
  • C. demand of labour
  • D. occupational demand for labour
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