Search SchoolNGR

Thursday, 30 April 2026
Register . Login

Economics Past Questions and Answers

Waec Economics Questions

Question 1276:
In the firm's production process, marginal cost
  • A Falls continuously throughout
  • B Falls and later rises
  • C Remains unchanged throughout
  • D Rises and later falls
View Answer & Explanation
Question 1277:
If a firm's price is less than average cost but more than part of variable cost, the firm is covering
  • A All of its fixed cost and variable cost
  • B All of its fixed cost and part of variable cost
  • C All of its variable cost and part of fixed cost
  • D Part of its fixed cost and part of varible cost
View Answer & Explanation
Question 1278:
An arrangement in which the debts of a company can only be paid from its own assets implies
  • A Unlimited liability
  • B Transferred liability
  • C Limited liability
  • D Capital liability
View Answer & Explanation
Question 1279:
One reason why small scale businesses are very common in West Africa is that
  • A They can easily float shares
  • B Their management boards are easily formed
  • C Their initial capital is easy to rise
  • D Their dividened payments are very regular
View Answer & Explanation
Question 1280:
A public limited company could finance its operations through
  • A Government taxes
  • B Equity shares
  • C Dividend payments
  • D Import duties
View Answer & Explanation