The demand for factors of production is said to be
Competitive
Complementary
Composite
Derived
Joint
Correct answer is D
No explanation has been provided for this answer.
The satisfaction derived from the consumption of a commodity is referred to as
Consumption
Demand
Production
Utility
Utilisation
Correct answer is D
No explanation has been provided for this answer.
An industry operating in a perfect competitive market situation will maximum profit when
DD = SS
DD < SS
MC > AC
MC < AR
MC = MR
Correct answer is E
No explanation has been provided for this answer.
The 2nd National Development plan in Nigeria was between
1962 — 1968
1970 — 1974
1975 — 1980
1980 — 1985
1985 — 1990
Correct answer is B
No explanation has been provided for this answer.
Capitalist
Communist
Mixed
Socialist
Welfarist
Correct answer is C
No explanation has been provided for this answer.