The international production set for Nigeria and Austria ...
Use the table below to answer the question below;
The international production set for Nigeria and Austria is;
| Products | Nigeria | Austria |
| Cocoa | 20 tonnes | 12 tonnes |
| Lace | 10 metres | 8 metres |
The Opportunity cost ratio for cocoa and lace for Austria and Nigeria is_______
1.5:2
2:2
2:1.5
0.5:1.5
Correct answer is A
No explanation has been provided for this answer.
When total revenue is at a maximum, marginal revenue is? ...
A condition which adversely affects expansion of production is ...
Middlemen in an economy perform the function of ...
The term marginal propensity to consume can best be explained as the ...
A demand curve slopes downwards because of ...
The resources used in production are called ...
Government expenditure on the construction of roads and bridges is ...
A condition for consumer utility maximization is ...
A disadvantage of the mean as measure of central tendency is that? ...