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Expenditure on food takes a large proportion of the incomes of people in
Mr. X and Mrs. Y pay $500.00 and $1,400.00 as taxes on their earning of S5,000.00 and $7,000.00 respectively. The system of taxation employed is
During inflation, the appropriate fiscal measure to adopt is to
Tools of monetary policy do not include
The central bank Can reduce the ability of commercial banks to give out loans by
Governments in West Africa can curtail inflation by
Which of the following factors may lead to the underestimation of national income figures?
Money would cease to be a good store of value when
Inflation may occur if
How is NNP at factor cost derived from GNP at market prices?
Which of the following are intermediate products?
Import substitution as a strategy of industrialization is the
The location of iron and steel industry at a place is due to
Which of the following problem has the least effect on agricultural productivity in West Africa?
Labor productivity is defined as
In the long run, as individuals receive higher wages, it causes
Which function of the wholesaler enables him to stabilize prices?
The public sector in a mixed economy is not always because of
Organization and entrepreneurship are vested in diferrent persons in a
The table below shows the total revenue schedule of a firm. Use the information to answer the question that follows
| Output (units) | 50 | 60 | 70 | 80 | 90 |
| Total revenue (TR) $ | 85 | 102 | 119 | 136 | 153 |
What is the firm's marginal revenue?