Waec Economics Past Questions and Answers

Question 541:

• WAEC 2000

A collective data which has not been processed is referred to as

A. Disjointed data
B. Raw data
C. Class intervals
D. Frequency

Question 542:

• WAEC 2000

Which of the following is a measure of central tendency

A. Percentage
B. Graph
C. Variance
D. Median

Question 543:

• WAEC 2000

The quantity supplied of a book per week is represented by the function: Qs + 70 + 1/2 P, At a price of N8.00, the quantity supplied is

A. 70
B. 74
C. 76
D. 86

Question 544:

• WAEC 2000

In production , the formula total product/number of men employed is used to calculate

A. Total product
B. Average product
C. Marginal product
D. Fixed product

Question 545:

• WAEC 2000

One of the internal economies of large scale production is

A. Administrative economies
B. Market economies
C. Regional economies
D. Horizontal economies