Correct Answer: A. 6°C

Correct Answer: D. on

Correct Answer: B. ridgers

Correct Answer: B. lime and humus

Correct Answer: A. private limited company

Explanation

A private limited company, or LTD, is a type of privately held small business entity, in which owner liability is limited to their shares, the firm is limited to having 50 or fewer shareholders, and shares are prohibited from being publicly traded.

Correct Answer: B. Lusaka

Correct Answer: B. long-run average cost

Explanation

(a)Total Revenue at P = 30 + 1 = N31

Marginal Revenue at Q = N28 - N24 = N4

Marginal Revenue at R = N24 - N28 = -N4 Total Cost at S = N25 + Ni = N26

Marginal cost at T = N16 - N8 = N8

Marginal cost at U = N25 - N25 = NO

(b) The profit is maximized at output 4kg of yams when MC = MR

(c) At output 5kg, Profit = TR - TC = N30 - N25 = N5

(d) Marginal cost (MC) begins to rise from output

Explanation

(a) Industry is a term used to denote activities concerned with the physical production of goods while commerce is the exchange and distribution of goods.

(b) Types of Commercial occupations are:

(i)Trading: This is concerned with the activities of all those engaged in buying and selling of goods, whether as wholesalers or retailers; importers or export-ers.

(ii)Banking: This is concerned with the activities of those engaged in the provision of credit, payment and saving facilities.

(iii)Warehousing: Warehousing is concerned with the activities of those who help to store goods, pending the time they are needed.

(iv)Advertising: Advertising shows the activities of those engaged in informing potential buyers and sellers of the existence of goods and services.

(v)Insurance: This is concerned with the activities of those who undertake the risk of businesses and individuals as insurers, insurance agents and brokers.

(vi)Transportation: This is the movement of people, goods and services from place to place.

(vii)Communication: This is concerned with the transmission of messages from place to place.

(c) Types of Industrial Occupation are:

(i).Extractive occupation:This is concerned with the activities of those engaged in primary production, extracting the gifts of nature from the soil, sea or earth as miners, fishermen or farmers.

(ii)Manufacturing: This is concerned with the activities of those engaged in processing of primary products as bakers, textile workers, etc.

(iii) Construction occupation:This is concerned with the activities of those who convert the products of the manufacturers into various uses as furniture makers, road builders, etc.

Correct Answer: B. Divide and Rule

Explanation

Divide and Rule was used to control the Southern Nigeria by encouraging dissent among them, thereby preventing them from uniting in opposition.