Economics Past Questions and Answers

If income rises from N200.00 to N250.00 and the amount spent on good X falls from N30.00 to N28.00, then good X is?

which is not responsible for the decline in food production in West Africa?

The most dominant economic activity which employs the largest number of people in West Africa is?

Public enterprises are supported on the grounds that they are undertaken for

\(\begin{array}{c|c} <br/>\text{Unit of output} & \text{Table cost}\\<br/>\hline<br/>1 & 20 \\<br/>2 & 32 \\<br/>3 & 42 \\<br/>4 & 48 \\<br/>5 & 50 \\ <br/>\end{array}\) <br/>in the above table, the marginal cost of the 3rd unit of output is