267 prompts matching "Assuming large-scale production is always cheaper for each unit produced"
Practice set: Calculating real GDP per head for Nigeria from nominal GDP
Give me a practice set on calculating real GDP per head for Nigeria from nominal GDP for S
Real-life Nigeria: Costing a conditional cash transfer for one million households at a stated monthly rate
Show me how costing a conditional cash transfer for one million households at a stated mon
Let me explain: Visible and invisible trade and imports from exports, and define the terms of trade, compared
Act as my study partner. I will teach you visible and invisible trade and imports from exp
Practice set: With different resource endowments produce paper products for ten minutes in autarky
Give me a practice set on with different resource endowments produce paper products for te
WAEC prep: Four advantages of international specialisation
Act as my WAEC Economics examiner. I am in SS2. Set me an exam-standard question on four a
Spot my mistake: The effect of a tariff on price, domestic output
Write a short SS2 Economics answer about the effect of a tariff on price, domestic output
Real-life Nigeria: Cross-elasticity exercise using rice and garri, then petrol and cars
Show me how cross-elasticity exercise using rice and garri, then petrol and cars works in
Spot my mistake: Differentiate real from nominal wage, calculate a real wage from CPI data
Write a short SS2 Economics answer about differentiate real from nominal wage, calculate a
Quiz: The weapons used during a trade dispute
Set me a quick recall test on the weapons used during a trade dispute at SS2 level. Five q
Spot my mistake: Utility and distinguish total, average and marginal utility
Give me a wrong or muddled explanation of utility and distinguish total, average and margi
Let me explain: Utility maximisation
Act as my study partner. I will teach you utility maximisation in my own words. Afterwards
Real-life Nigeria: Derivation exercise converting a marginal utility schedule into willingness to pay at three
Show me how derivation exercise converting a marginal utility schedule into willingness to
Spot my mistake: Calculating deficits and surpluses on each component
Write a short SS2 Economics answer about calculating deficits and surpluses on each compon
Real-life Nigeria: Sorting exercise placing twenty transactions - crude oil export
Take sorting exercise placing twenty transactions - crude oil export out of the textbook.
Spot my mistake: Determine the equilibrium exchange rate
Give me a wrong or muddled explanation of determine the equilibrium exchange rate from the
Practice set: Recording the official CBN rate and a parallel market rate daily for one week
Give me a practice set on recording the official CBN rate and a parallel market rate daily
Real-life Nigeria: Calculation of VAT at the current rate on a given shopping list
Take calculation of VAT at the current rate on a given shopping list out of the textbook.
Spot my mistake: Plotting the three systems on axes of average tax rate against income and label each curve
Write a short SS2 Economics answer about plotting the three systems on axes of average tax
Real-life Nigeria: Same diagram is redrawn with an inelastic demand curve
Take same diagram is redrawn with an inelastic demand curve out of the textbook. Describe
Let me explain: The law of variable proportions, showing increasing, diminishing and negative returns
Act as my study partner. I will teach you the law of variable proportions, showing increas