Sub-parts questions from part IIThe income of three firms in an economy in 2005. 2006 and 2007 are shown below in million naira (NM)YEARSFIRMS200520062007(Nm)(Nm)(Nm)A705080304060203060(a)Present the information in a multiple bar chart.(b)In which year is the total income for the three firms highest?(c)Which firm earned the highest income within the three years?(d)If the three firms are the only production units in the economy,Calculate the national income for(i)2005.(ii)2006.(ii)2007.

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The income of three firms in an economy in 2005, 2006 and 2007 are shown below in million nai YEARS FIRMS 2005 2006 2007 (Nm) (Nm) (Nm) 70 50 80 B 30 40 60 C 20 30 60

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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