Waec Economics Past Questions and Answers

Question 1451:

• WAEC 2015

By adding all the marginal products at each level of employment of the variable input, we obtain a value equal to

A. Average product
B. Total product
C. Average variable cost
D. Total cost

Question 1452:

• WAEC 2015

which of the following curves is not U shaped

A. Marginal cost curve
B. Average fixed cost curve
C. Average total cost curve
D. Average variable cost

Question 1453:

• WAEC 2015

which of the following business organisations is likely to experience disagreements between management and shareholders

A. Co-operative society
B. Sole trader
C. Partnership
D. Joint-stock company

Question 1454:

• WAEC 2015

which of the following is not a method of controlling monopoly

A. Preventing mergers
B. Indigenization
C. Privatization
D. Imposing high profit tax

Question 1455:

• WAEC 2015

which of the following features distinguishes a public limited company from a private limited company

A. Perpetual existence
B. Limited liability
C. Legal entity
D. Sales of shares to the public