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Thursday, 30 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1451:
By adding all the marginal products at each level of employment of the variable input, we obtain a value equal to
  • A Average product
  • B Total product
  • C Average variable cost
  • D Total cost
View Answer & Explanation
Question 1452:
which of the following curves is not U shaped
  • A Marginal cost curve
  • B Average fixed cost curve
  • C Average total cost curve
  • D Average variable cost
View Answer & Explanation
Question 1453:
which of the following business organisations is likely to experience disagreements between management and shareholders
  • A Co-operative society
  • B Sole trader
  • C Partnership
  • D Joint-stock company
View Answer & Explanation
Question 1454:
which of the following is not a method of controlling monopoly
  • A Preventing mergers
  • B Indigenization
  • C Privatization
  • D Imposing high profit tax
View Answer & Explanation
Question 1455:
which of the following features distinguishes a public limited company from a private limited company
  • A Perpetual existence
  • B Limited liability
  • C Legal entity
  • D Sales of shares to the public
View Answer & Explanation