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Economics Past Questions and Answers

Waec Economics Questions

Question 1566:
The amount of money that a firm recieves from the sales of its output is called
  • A Total profit
  • B Total revenue
  • C Total cost
  • D Average revenue
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Question 1567:
which of the following is trueof the monopolist
  • A His average revenue curve is horizontal
  • B He determines both price and output
  • C His demand and marginal revenue curve are the same
  • D He determines either price or output
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Question 1568:
Equity shares form the bulk of the capital of a?
  • A Private firm
  • B Public company
  • C Statutory company
  • D Limited partnership
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Question 1569:
if a state owned firm is sold through the stock market, the organisation becomes?
  • A Partnership
  • B Private company
  • C Public limited company
  • D Public corporation
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Question 1570:
The total number of people of working age who are willing and prepared to work at a given wage rate is the
  • A Labour force
  • B Supply of labour
  • C Demand of labour
  • D Occupational demand for labour
View Answer & Explanation