₦airaland Forum

1. Study the table below:

Q. 1 2 3 4 5 6 7 8
.
MUy. 16 14 12 10 8 6 4 2
.
MUx. 11 10 9 8 7 6 5 4

In the table above, the price of commodity y is #2 and that of x is #1 while the individual has an income of #12. Determine the combination of the two commodities the individual should consume to maximize his utility.


I suggest you write the table out

A. 6y and 4x
B. 3y and 6x
C. 5y and 5x
D. 3y and 3x


2. If there is an increase in demand without a corresponding increase in supply, there will be a

A. Rise in price
B. Shift in demand curve to the left
C. Fall in price
D. Shift in supply curve to the right

3. If there is an increase in demand without a corresponding increase in supply, there will be a/an

A. Excess demand
B. Excess supply
C. Shift in demand curve
D. Shift in supply curve

4. If there is an increase in demand without a corresponding increase in supply, there will be a/an

A. Decrease in equilibrium quantity
B. Contraction in demand
C. Increase in equilibrium quantity
D. Movement along the same supply curve

5. When the price of a commodity increases from #20 to #50, there will be

A. Increase in supply
B. Increase in quantity supplied
C. Downward movement along the same supply curve
D. Rightward shift of the supply curve

6. When the price of a commodity increases from #20 to #50, there will be

A. Leftward shift of the demand curve
B. Rightward shift of the demand curve
C. Downward movement along the same demand curve
D. Upward movement along the same demand curve.

7. When the price of a commodity increases from #20 to #50, there will be

A. Upward movement along the same supply curve
B. Rightward shift of the supply curve
C. Increase in supply
D. Decrease in quantity supplied

8. The long run average cost curve is called a planning curve because it shows what happens to costs when

A. A bigger size of plant is built
B. Different sizes of plants are built
C. Variable inputs are increased
D. Fixed factors are increased.

9. Short-run period is a period too short for a firm to be able to change its

A. Scale of operation
B. Total revenue
C. Variable inputs
D. Total outputs

10. Short run period is a period in which the firm cannot change all of its

A. Total revenue
B. Variable factor
C. Fixed factor
D. Total outputs.

RobinHez:
check ur mention...i pasted it there

Pukka36:
Since she's got Economics and Maths then she can....#Dharay99#

dharay99:

wah happen ma....

dharay99:

wah happen ma....

RobinHez:
help a sister
maths,
english, government, geography, agric, biology, crs, literature,
ecönomics

what commercial course can she go for?

sociology, ecostat, int-reltn...ehm,

She can also try, robbery, thuggery... etc

RobinHez:
help a sister maths, english, government, geography, agric, biology, crs, literature, ecönomics
what commercial course can she go for?

RobinHez:
by using 'wuru wuru' to make the ship obey archimedes principle of floatation.

ps. one of my teacher once told me that all these floating ships and flying cars are works of spirits or 'juju' as he calls it. He was realy serious o...and he tried to prove it too.

Fredahlicious:
nyt darlings..God bless u nd he luvs u too nyt darlings..God bless u nd he luvs u too

Fredahlicious:
nyt darlings..God bless u nd he luvs u too nyt darlings..God bless u nd he luvs u too

Fredahlicious:
nyt darlings..God bless u nd he luvs u too nyt darlings..God bless u nd he luvs u too

lordkvng:
lol..that teacher of Yours though, what Skul did u attend?.. Hope say no be that Harry Potter Skul.

Pukka36:
shey pesin wey get Maths and Econs fit do any Account-related course

Umartins1:
Look up there for some Economics questions....

dharay99:

was playing around.
Form ain't out yet & its annoying me.

dharay99:

plz do me a favour.
Don't release d ans till tomorrow morning.

I will like to attempt dem buh i just gotta go now.

IDGAF:
Dude! What da f^>k? Came here seeking info,nd u saw dat as an avenue 2 joke around.Do u even know d harm a wrong info cud cause,do u know how I av been making calls, all worried because of ur info?My lil sis has been so restless due 2 ur info!!! Its just funny,I dnt wnt 2 be abusive cos it aint worth it(plus u aint my age grade)but I hope u've had ur fun pulling dat stunt.Dissapointed in u!!!

Ada96:
And can somebody please explain wah exactly is wrong with tobi

IDGAF:
Dude! What da f^>k? Came here seeking info,nd u saw dat as an avenue 2 joke around.Do u even know d harm a wrong info cud cause,do u know how I av been making calls, all worried because of ur info?My lil sis has been so restless due 2 ur info!!! Its just funny,I dnt wnt 2 be abusive cos it aint worth it(plus u aint my age grade)but I hope u've had ur fun pulling dat stunt.Dissapointed in u!!!