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Which of the following is not an argument for the policy of privatization in West Africa?
Non-economic factors that influence the location of firms include
The supply of land for agricultural purpose can be increased through
The age distribution of a country's population is shown below. Use the information to answer questions below
|
AGE GROUP (YEARS) |
POPULATION |
|
0-15 |
30% |
|
16-40 |
45% |
|
41-60 |
15% |
|
Over 60 |
10% |
What is the dependency ratio?
The age distribution of a country's population is shown below. Use the information to answer questions below
|
AGE GROUP (YEARS) |
POPULATION |
|
0-15 |
30% |
|
16-40 |
45% |
|
41-60 |
15% |
|
Over 60 |
10% |
What is the percentage of the working population?
Two factors which can improve the efficiency of labour are
By-passing the middlemen in the chain of distribution can lead to
Separation of ownership of resources and their control is mostly found in a
A major source of finance to the Railway Corporation in West African countries is
The relationship between the marginal revenue (MR) and the average revenue (AR) of a monopolist is that the marginal revenue
curve
A firm incurred the following costs in production. Use the information in the table to answer questions below
|
Output(bags of rice) |
0 | 10 | 20 | 30 | 40 | 50 |
60 |
|
Total cost$ |
100 | 200 | 300 | 380 | 440 | 520 |
600 |
The average cost of producing 40 bags of rice is
A firm incurred the following costs in production. Use the information in the table to answer questions below
|
Output(bags of rice) |
0 | 10 | 20 | 30 | 40 | 50 |
60 |
|
Total cost$ |
100 | 200 | 300 | 380 | 440 | 520 |
600 |
The fixed cost of production is
The law of diminishing returns is applicable to the
The output of an extra unit of input is referred to as
The supply of mangoes is represented as P = 0.3Q, where P is the price ($) and Q is the quantity. What is P when Q is 50?
When market supply increases, the equilibrium price
Governments can increase farmers' incomes by
Market supply may increase if there is an increase in the
A leftward shift in the supply curve for a commodity indicates
The price of soap rose from $10 to $20, causing a trader to increase her supply from 50 to 120 boxes per week. This makes supply