Mr Idowu needs a television and a refrigerator. Each cost N500.00, the exact amount he has. If Mr. Idowu buys the television, the refrigerator would be regarded as the

Similar Questions

The production cost that varies inversely with output is the ...

If one orange costs 20k and one kilogram of beef costs N10.00, the opportunity cost of one kilogram ...

Function of commercial banks do NOT include ...

In order to increase revenue, the seller of a commodity whose demand is fairly elastic is advised to...

Whether a monopolist is able to increase his revenue by restricting his output depends on the shape ...

The study of economic behavior of individual decision-making units (consumers, resources owners and ...

Open market operation are the process by which ...

Inflation n the Nigeria economy may be fueled by increase in ...

A firm average cost decreases in the longrun because? ...

Holding money to take care of contigencies is? ...