1994 - JAMB Economics Past Questions and Answers - page 2
In the long run, all production factors are?
A company's expenditure on raw materials is regarded as?
The basic relationship between the cost of production, and the market price of any commodity in the short run is that the market price?
A firm determines its profit when it studies its?
An increase in the supply of labour in a factory while other things remain equal will lead to?
A demand which is positively related to price is true of?
Elasticity demand is an effective tool in the hands of a producer in that it enables him?
The basic idea behind brand differentiation under an imperfect market arrangement is to?
In the long run, a firm in a perfectly competitive market will make?
Output restriction, fixing of prices, creating obstacles to free entry into the market are features of?