by Sunday | Oct 29 | Economics JAMB
A. a monopolistic market structure B. a duopolistic market structure C. a competitive market structure D. an oligopolistic market structure Correct Answer: Option C – a competitive market structure
by Sunday | Oct 29 | Economics JAMB
A. demand curve B. supply curve C. cost curve D. supply curve Correct Answer: Option B – supply curve
by Sunday | Oct 29 | Economics JAMB
A. internal economies of scale B. economies of scale C. market economies D. external economies Correct Answer: Option D – external economies
by Sunday | Oct 29 | Economics JAMB
A. highest point on the total revenue curve B. minimum point on the average revenue and the average cost curve C. intersection of the average revenue and the average cost curves D. intersection of the marginal cost and marginal revenue curves Correct Answer: Option C...
by Sunday | Oct 29 | Economics JAMB
A. tends to rise continuously B. remains constant C. rises and then falls D. tends to decreased continuously Correct Answer: Option D – tends to decreased continuously
by Sunday | Oct 29 | Economics JAMB
A. an increase in output-input ratio B. a decrease in output-input ratio C. the constancy of input-output ratio D. an increase in input-output ratio Correct Answer: Option A – an increase in output-input ratio
by Sunday | Oct 29 | Economics JAMB
A. ambiguous B. oversimplified C. pessimistic D. optimistic Correct Answer: Option C – pessimistic
by Sunday | Oct 29 | Economics JAMB
A. public service B. worker’s union C. rate of inflation D. supply and demand for labour Correct Answer: Option D – supply and demand for labour
by Sunday | Oct 29 | Economics JAMB
A. maximum population B. underpopulation C. overpopulation D. optimum population Correct Answer: Option B – underpopulation
by Sunday | Oct 29 | Economics JAMB
A. manufacturers and consumers B. wholesalers and retailers C. consumers and wholesalers D. retailers and consumers Correct Answer: Option B – wholesalers and retailers