Waec Economics Past Questions and Answers

Question 1276:

• WAEC 2012

In the firm's production process, marginal cost

A. Falls continuously throughout
B. Falls and later rises
C. Remains unchanged throughout
D. Rises and later falls

Question 1277:

• WAEC 2012

If a firm's price is less than average cost but more than part of variable cost, the firm is covering

A. All of its fixed cost and variable cost
B. All of its fixed cost and part of variable cost
C. All of its variable cost and part of fixed cost
D. Part of its fixed cost and part of varible cost

Question 1278:

• WAEC 2012

An arrangement in which the debts of a company can only be paid from its own assets implies

A. Unlimited liability
B. Transferred liability
C. Limited liability
D. Capital liability

Question 1279:

• WAEC 2012

One reason why small scale businesses are very common in West Africa is that

A. They can easily float shares
B. Their management boards are easily formed
C. Their initial capital is easy to rise
D. Their dividened payments are very regular

Question 1280:

• WAEC 2012

A public limited company could finance its operations through

A. Government taxes
B. Equity shares
C. Dividend payments
D. Import duties