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[Download Music] Celeb Ibile x Danny S x Otega – Upgrade

Mon Sep 24, 2018 1:18 pm by Emmi

Download Music Mp3 titled "Upgrade" by Celeb Ibile, Danny S and #Otega, Upgrade was produced by  She2sound. Click the below link to download and listen to the song. 



After Grappling Wit Fame On His Hit Single ‘Odeku’ Oshodi Based Artist Celeb Ibile Return With Gripping New single Featuring The Street Most Wanted ‘Danny S’ And …

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[Download Music] Jayn Phoenix Ft. Terry Apala – Igboro

Sun Sep 23, 2018 8:07 am by Emmi

Download Music Mp3 titled "Igboro"  By new Rap queen Jayn Phoenix featured  Terry Apala.  Igboro was produced by  Qasebeatz CC
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New Queen of Rap Jayn Phoenix, who doubles as a rapper and song-writer/singer, is back with another artistic creation on the Nigerian music industry …

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[Download Music] Dimmytunes – Ishe Po

Sun Sep 23, 2018 7:55 am by Emmi

Download Music Mp3 titled "Ishe Po" By Oladimeji Shehu Popularly known by his stage name #Dimmytunes
Click the below link to download and listen to Isha Po. 



Oladimeji Shehu Popularly known as Dimmytunes based in surulere. Every girls favouite Dimmytunes just dropped a street jam titled as Ishe Po he took a break from the regular …

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[Download Music] Boladez – Power Enter

Sun Sep 23, 2018 7:47 am by Emmi

Download Music Mp3 titled "Power Enter" By Bolade Muideen popularly known by his stage name,  #Boladez
The music Mp3 was produced by Crude
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Bolade Muideen popularly known by his stage name Boladez, is a Nigerian fast rising indigenous rapper and song writer, was born in …

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[Download Music] Samuelito – Something Sure

Sun Sep 23, 2018 7:36 am by Emmi

Download Music Mp3 titled "Something Sure" By  Samuel Egbeyon,  popularly known by his Stage name,  #Samuelito. The song was produced by Teddybantyondbeat

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Samuel Egbeyon who goes by the stage name – Samuelito is a fast rising artiste who is a 400 level …

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2018 Waec Gce Economics Objective and Essay Questions and Answers | Waec Gce Runs/Expo

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PostEmmi on Fri Sep 14, 2018 12:15 pm

2018 Waec Gce Economics Objective and Essay Questions and Answers Now Available


ESSAY ANSWERS NUMBER 2a and 2b




ESSAY ANSWER NUMBER 1



ESSAY ANSWER NUMBER 4 and 6






Section (a) anser only one question
(1)
(i) Total fixed cost of the firm
Processing machine $2,000
 
Manager's salary $1,500

factory rent $1,200
  
Electricity bills $800 
              Total=$5,500
(ii) Total variable cost of the firm.
Wages of casual labour $2,500   

Fuel $600

Raw materials $1,400
               Total=$4,500
(iii) Average Cost (AC).
Formula= 
AC= TC/Q
Tc=Tfc+Tvc
   = $5500+$4500
   =$10000
Ac=$10000/3000
Ac=$3.33

(1b)
Total Profit For The Period.
Formula:
profit(Ts)=Total revenue-Total cost
Total revenue(TR)=Price*quantity
     =$6.00*3000
     = $18,000
Profit(Ts)=$18,000-$10,000 
               =$8,000
(1c)
Taxed paid by the firm.
Formula:
Tax paid=Tax rate* Taxable profit
              =10/100*8000/1
              =$800Section (a) anser only one question
(1)
(i) Total fixed cost of the firm
Processing machine $2,000
 
Manager's salary $1,500

factory rent $1,200
  
Electricity bills $800 
              Total=$5,500
(ii) Total variable cost of the firm.
Wages of casual labour $2,500   

Fuel $600

Raw materials $1,400
               Total=$4,500
(iii) Average Cost (AC).
Formula= 
AC= TC/Q
Tc=Tfc+Tvc
   = $5500+$4500
   =$10000
Ac=$10000/3000
Ac=$3.33

(1b)
Total Profit For The Period.
Formula:
profit(Ts)=Total revenue-Total cost
Total revenue(TR)=Price*quantity
     =$6.00*3000
     = $18,000
Profit(Ts)=$18,000-$10,000 
               =$8,000
(1c)
Taxed paid by the firm.
Formula:
Tax paid=Tax rate* Taxable profit
              =10/100*8000/1
              =$800



(6a)
Unemployment can be defined as an economic situation in which able body men and women who are willing and able to work can not secure any job in the country. 

(6b) 
(i) Technological employment: This is caused as a result of company changes its technical ways of production which result in laying off of worker who cannot cope with the new method of production. 
(ii) Cyclical Unemployment: This is caused as a result I down-swing in trade cycle ie a fall in a demand for a country's product. 

(6c) 
(i) Industrialization: Government should many industries that can employ many worker. 
(ii) Population control - Population should be controlled to obtain optimum level, so as to match the human population with available resources. 
(iii) Proper Development plan: This should be put in places to cater for people who are unemployed. 
(iv) Re-designing Educational system : The educational system should be redesigned to graduate people that are able to create employment.




(4a) 
Trade by barter can be defined as the exchange of goods for goods and services for services. 

(4b)
(i) Problem of double coincidence: This is a situation whereby a producer looks for another producer who has what he wants and want what he has. 
(ii) Problem of storage: This problem occur because most of goods produced are perishable. 

(4c) 
(i)Commodity Money: Is a commodity that is generally acceptable as a medium of exchange.  Such a commodity has a money value as well as an intrinsic value of its own.

(ii) Token money: This is a form of money with a face value which is greater than the value of the metal content.

(iii) Bank deposits: The bank deposit is the process whereby an individual deposits his money in the bank and then uses cheques as a means of payment.







2018 Waec Gce Economics Objective and Essay Questions and answers is available,  Get verified Economics Objective and Essay  questions and answers midnight before the exam day. 2018 Waec Gce Economics  exam Expo is available at 9Jatechs.

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We give reliable and verified Questions and Answers for all exams,  get Economics Objective and Essay Questions and Answers from 9Jatechs  to free your self from SSCE exam bondage , Get verified 2018 Waec Gce Economics Objective and Essay Questions and Answers at Midnight,  Read the above article to see every procedures on how to Subscribe  for 2018 Waec Gce Objective and Essay  Questions and Answers. 2018 Waec Gce Economics Objective and Essay  Questions and Answers is available, To get verified Questions and Answers for Economics   at midnight before the actual exam day,  just read the article below to see every due process.

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We give reliable and verified Questions and Answers for all exams,  get Economics Objective and Essay Questions and Answers from 9Jatechs  to free your self from SSCE exam bondage , Get verified 2018 Waec Gce Economics Objective and Essay Questions and Answers at Midnight,  Read the above article to see every procedures on how to Subscribe  for 2018 Waec Gce Objective and Essay  Questions and Answers. 2018 Waec Gce Economics Objective and Essay  Questions and Answers is available, To get verified Questions and Answers for Economics   at midnight before the actual exam day,  just read the article below to see every due process.


Last edited by Emmi on Sat Sep 15, 2018 11:39 am; edited 4 times in total
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PostLummy on Sat Sep 15, 2018 9:58 am

hello am in need of the answer
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PostEmmi on Sat Sep 15, 2018 10:31 am

@Lummy wrote:hello am in need of the answer
Subscribe  to get answers before the exam start
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PostLummy on Sat Sep 15, 2018 11:06 am

ave done that all ready
am in need of the objective
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