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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
466
Which of the following is a measure of central tendency
  • A. Percentage
  • B. graph
  • C. variance
  • D. Median
View Answer & Discuss WAEC 2000
467

The quantity supplied of a book per week is represented by the function: Qs + 70 + 1/2 P, At a price of N8.00, the quantity supplied is

  • A. 70
  • B. 74
  • C. 76
  • D. 86
View Answer & Discuss (1) WAEC 2000
468
In production , the formula total product/number of men employed is used to calculate
  • A. total product
  • B. average product
  • C. marginal product
  • D. fixed product
View Answer & Discuss WAEC 2000
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
469
One of the internal economies of large scale production is
  • A. administrative economies
  • B. market economies
  • C. regional economies
  • D. horizontal economies
View Answer & Discuss (2) WAEC 2000
470
Dividing total variable cost by quantity of output gives
  • A. Total cost (TC)
  • B. Total Fixed Cost (TFC)
  • C. Variable cost (VC)
  • D. Average Variable Cost (AVC)
View Answer & Discuss WAEC 2000
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