Post Utme Economics Questions
Question 266:
Memorandum of Association mainly contains:
- A Workers salaries
- B Tax receipts
- C Company objectives
- D Daily sales records
Question 268:
Marginal cost refers to:
- A Fixed production cost
- B Total production cost
- C Cost of extra unit
- D Revenue per output
Question 269:
Average revenue under perfect competition equals:
- A Total cost
- B Marginal utility
- C Average cost
- D Price
Question 270:
The law of diminishing returns applies mainly in:
- A International trade
- B Short-run production
- C Banking operations
- D Population theory