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3376
The necessary condition for a firm to be in equilibrium is that marginal revenue is
  • A. greater than marginal
  • B. equal to marginal
  • C. less than average revenue
  • D. equal to average
View Answer & Discuss (4) WAEC 2016
3377

At which stage of production should a firm shut down? when

  • A. AVC=ATC
  • B. AVC
  • C. AVC>price
  • D. AVC=MC
View Answer & Discuss (1) WAEC 2016
3378

Charging different prices for the same commodity is a feature of a

  • A. perfect competition
  • B. commodity market
  • C. monopolistic competition
  • D. monopoly market
View Answer & Discuss (7) WAEC 2016
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3379

In a partnership, the conduct of members is guided by

  • A. a memorandum of understanding
  • B. the article of partnership
  • C. an article of association
  • D. a partnership constitution
View Answer & Discuss (6) WAEC 2016
3380

Indigenization policy is a measure aimed at

  • A. privating the existing business owned by the state
  • B. commercializing state owned businesses
  • C. reducing foreign economic domination
  • D. making the indegenes managing directors of businesses
View Answer & Discuss WAEC 2016
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