9. If labour productivity in the cement industry is as increasing output of cement is...

9. If labour productivity in the cement industry is as increasing output of cement is
expanded, then the amount of labour perfect competition is that in the former
A. Less than zero B. Decreasing
C. Constant D. Increasing
10. If profit maximization is assumed to be the objective of a business enterprise, labour
must be paid a wage rate equal to the
A. Marginal revenue of te enterprise B. Marginal revenue product of labour in the
enterprise C. Average revenue of the enterprise D. Marginal cost of production
16. If the price elasticity of demand for a certain commodity is less than unity, then
A. An increase in the price of the commodity will raise the total revenue of the
producer
B. An increase in price leaves the total revenue unchanged
C. A decrease in price raises the total revenue of the supplier
D. A decrease in price leaves the total revenue constant
17. Production is said to be completed when A. Goods and services reach the consumers
B. Prices of goods or services are determined C. Goods are sold to the wholesaler D.
Goods are packaged
18. A debenture share entitles its holder to A. Participate in the annual general meeting
of the company B. Share in the dividends declared C. Received a fixed interest on sums
invested D. Have a representative on the Board of Directors
19. A public liability company is different from private limited company because it A. Is
registered with the Registrar of companies B. Is a l legal entity C. Can raise capital of
any size by way of loans D. Can sell shares in the Stock Exchange
20. A modern corporation is owned by A. Debenture holders B. Ordinary shareholders C.
Preference shareholders D. Creditors?

In Economics
1 Answers Available
Asked by Obidinma on 13th July, 2020