The mean of the following scores
30, 32, 34, 36, 38, 40 and 42
What is the mean deviation?
4.21
3.24
3.42
4.54
Correct answer is C
No explanation has been provided for this answer.
Average total cost can be expressed as
Average fixed cost plus average variable cost
Change in total cost divided by change in output
Total cost divided by total output
Total fixed cost plus total variable cost
Total variable cost divided by total output
Correct answer is C
Average total cost is the summation of the total cost of production divided by the total quantity of output.
ATC = TC ÷ output
The following are the differences between domestic and international trade EXCEPT
Cultural differences
Currency
Land
Language
Laws
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a function of the central bank?
Accepting deposits from the public
Agent of payment for individuals
Discounting bills of exchange
Issuing of currency
Provision of short term housing loans
Correct answer is D
No explanation has been provided for this answer.