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3921

Describe any five functions of the Central Bank of Nigeria (CBN). 

View Answer & Discuss WAEC 1998
3922

Why does a country restrict her international trade? 

View Answer & Discuss WAEC 1998
3923

Outline the role of industrialization in the economic development of Nigeria. 

View Answer & Discuss WAEC 1998
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3924

The data here shows an hypothetical age distribution of the population of a town in Nigeria. 

Sex   Age in years    
  10 and below 11-14   15-3 36 - 64 65 and above
Male 1350 2275    1135         Y 3250
Female 2650 2725    1365 4265   Z
Total 4000 X          2500 7500 6000

From this data, calculate:
(a) X, Y, Z.
(b) The total population of the town.
(c) The difference be-tween the population of male and female aged 14 and below.
(d) The percentage of the population aged 14 and below.
(e) The dependency ratio in the town. 
 

View Answer & Discuss WAEC 1997
3925

Use the table to answer the following questions:

Quantity of yams(kg) Total Revenue (TR) Marginal Revenue (MR) Total Cost (TC) Marginal Cost (MC)
  N N N N
0 0 - 5 -
1 9 9 8 3
2 18 9 6 T
3 24 6 21 5
4 28 Q 25 4
5 30 2 25 U
6 P 1 25 0
7 28 -3 S 1
8 24 R 24 -2

(a) Complete the table by calculating the missing figures P,Q,R,S,T,U.
(b)At what out-put is profit maximized?
(c) Calculate the profit when quantity sold is 5.
(d) At what output does MC begin to rise? 

View Answer & Discuss WAEC 1997
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