papindinho: c

papindinho: d

emekakelvin: correct. Ur head is there

emekakelvin: u are wrong sir. Still wating 4 the rite answer

papindinho: thanks boss hmmn 2/3 work harder papindinho

papindinho: c #waitin for the bell

Odunhana: E is d correct answer here.. D demand for factors of production is derived.

emekakelvin: The demand for factor of production is (a)competitive demand (b)composite demand (c)complementary demand (d)circuitcious demand (e)none of the above

emekakelvin: In a demand curve curve,the relationship btw price and quantity demamded is (a)indeterminable (b)direct (c)nil (d.)inverse

emekakelvin: Which of this situation can give rise to economic problems? (a)unlimited human wants (b)wants of varying important (c)limited means of satisfying wants (d)means used in different ways

emekakelvin: Let go off academics but it is knowlegeable. It goes thus between mosquitoes and lion which is more dangerous

Adex097: the answer is c.at the early stage of production.
REASON:if the rent on land meant for maize production increases, the cost of producing maize increases too ceteris paribus.
NB: take note of the bolded part of the question "cost of producing maize" not price of maize
#JAMB QUESTION=THINK TWICE BEFORE CHOOSING YOUR FINAL ANSWER.

emekakelvin: The demand for factor of production is (a)competitive demand (b)composite demand (c)complementary demand (d)circuitcious demand (e)none of the above

emekakelvin: In a demand curve curve,the relationship btw price and quantity demamded is (a)indeterminable (b)direct (c)nil (d.)inverse

emekakelvin: Which of this situation can give rise to economic problems? (a)unlimited human wants (b)wants of varying important (c)limited means of satisfying wants (d)means used in different ways

papindinho: A buyer who haggles in the market is applying for the principle of (a)choice (b)price mechanism (c)opportunity cost (d)utility maximization

emekakelvin: e is not the answer sir. Another name 4 derived demand is circuitcious demand

papindinho: A buyer who haggles in the market is applying for the principle of (a)choice (b)price mechanism (c)opportunity cost (d)utility maximization

Adex097: EARLY MORNING TEA

1).for an inferior good, a decrease in real income will lead to.
a).a lower equilibrium price
b).a change in quantity demanded
c.an outward shift of the demand curve
d.an inward shift of the demand curve

2).in economic analysis, a statement is said to be normative if it.
a.relates to value judgement
b.is incorrect
c.can be tested scientifically
d.is contradictory

3).statutory organisations usually established by acts of parliament are called
a.public corporations
b.cooperative societies
c.joint stock companies
d.public enterprises

Adex097: answer is circuitcious or derived demand

Adex097: EARLY MORNING TEA

1).for an inferior good, a decrease in real income will lead to.
a).a lower equilibrium price
b).a change in quantity demanded
c.an outward shift of the demand curve
d.an inward shift of the demand curve

2).in economic analysis, a statement is said to be normative if it.
a.relates to value judgement
b.is incorrect
c.can be tested scientifically
d.is contradictory

3).statutory organisations usually established by acts of parliament are called
a.public corporations
b.cooperative societies
c.joint stock companies
d.public enterprises

Emmy35: I think it's C

Emmy35: E cos the demand for a factor of production is derived demand

papindinho: A buyer who haggles in the market is applying for the principle of (a)choice (b)price mechanism (c)opportunity cost (d)utility maximization

Adex097: answer is circuitcious or derived demand

emekakelvin: u failed [/b]mr[b] emmy(my genius)but the answer is d. Bravo keep it up 2/3,on a normal day u we get the answer cos u are on point

emekakelvin: Which of the following curve is concave from origin? (a)production possibility frontier (b)supply curve (c)the demand curve for indefinite elastic demanded goods (d)the perfectly inelastic demand curve