Question 4586:

Output Total Revenue (N) Output Total Revenue (N)
1 40
2 49
3 56
4 51
5 65
The marginal revenue when output is 4 units is ____________

A. 5 naira
B. 8 naira
C. 56 naira
D. 61 naira

Question 4587:

The term under population refers to a situation where the population is ____________

A. Dispersed over the country
B. Small in relation to available resources
C. Greater than the available resources
D. Concentrated in a few areas

Question 4588:

Which of the following is necessary for the survival of small firms in West Africa?

A. Access to land for development
B. Inadequate collateral for banks loan
C. Government assistance in the form of loans and tad holidays
D. High transportation cost

Question 4589:

Price elasticity of supply measures the responsiveness of quality supplied to ____________

A. Changes in supplier’s income
B. Changes in prices of other commodities
C. A change in the price of the commodity
D. A change in the demand for the product

Question 4590:

The shares which do not carry any fixed rate of dividend are known as ____________

A. Debentures
B. Cumulative preferences shares
C. Ordinary share
D. Participating preference shares