The amount of satisfaction per unit of the commodity consumed is called
Average cost
Average utility
Marginal cost
Marginal utility
Total utility
Correct answer is B
No explanation has been provided for this answer.
Plantation farming can best be defined as cultivation of
Crops using hoes and cutlasses for farming
Food crops for personal consumption
Food for use by the family
Large scale farms of cash crops
Livestock for commercial purposes
Correct answer is D
No explanation has been provided for this answer.
The equation MV PT is known as
Demand and supply equation
Equilibrium equation
Equation of exchange
Money supply equation
Price index numbers
Correct answer is D
No explanation has been provided for this answer.
Goods that are useful, scarce and can command price are called …………. goods.
Capital
Consumer
Economic
Free
Scarce
Correct answer is C
No explanation has been provided for this answer.
Which of the following Is NOT a function of Merchant Bank?
Helps public companies to issue new shares
Provision of medium and long-term loans
They accept bills of exchange
They guarantee the buying of shares
They implement government monetary policies
Correct answer is D
No explanation has been provided for this answer.