Marginal cost
Average cost
Total cost
Equilibrium level
Correct answer is B
No explanation has been provided for this answer.
In production, total cost comprises of
Averages cost and marginal cost
Variable cost and averages cost
Variable cost and fixed cost
Marginal cost and variable cost
Fixed cost and averages cost
Correct answer is C
No explanation has been provided for this answer.
Which of the following measure will NOT serves as a control during inflation period?
Increase in personal income tax
Increase in bank rate and interest
Increase in government capital expenditure
Reduction in money supply
Reduction in government recurrent expenditure
Correct answer is C
No explanation has been provided for this answer.
The demand for labour in an economy is a depiction of
Competitive demand
Composite demand
Complementary demand
Deductive demand
Derived demand
Correct answer is E
No explanation has been provided for this answer.
One of the function of united nation conference on trade and development (UNTAD) is to
Carry out feasibility study for projects in less developed countries
Increase impact of developed countries over less developed countries
Increase share of less developed countries in world trade
Make goods available in developed countries
Transfer technology from developed to less developed countries
Correct answer is C
No explanation has been provided for this answer.