by Sunday | Oct 27 | Economics JAMB
Number of Men 1 2 3 4 5 6 7 8 Total product (Unit) 200 440 540 600 640 660 660 640 A. 120 units B. 540 units C. 100 units D. 180 units Correct Answer: Option D – 180...
by Sunday | Oct 27 | Economics JAMB
A. less than one B. greater than one C. zero D. unity Correct Answer: Option C – zero
by Sunday | Oct 27 | Economics JAMB
A. decrease the consumer’s utility B. increase the price of the commodity C. increase the consumer’s utility D. leave consumer’s utility unchanged Correct Answer: Option C – increase the consumer’s...
by Sunday | Oct 27 | Economics JAMB
A. excess demand over supply at q3 B. excess supply over demand at q2 C. minimum price legislation at P2 D. maximum price legislation at P2 Correct Answer: Option A
by Sunday | Oct 27 | Economics JAMB
A. N220 B. N120 C. 110 D. N330 Correct Answer: Option A – N220
by Sunday | Oct 27 | Economics JAMB
A. different buyers pay different prices for the same product B. different products are sold to the same buyer C. sellers determine whom to sell their products to D. the same product is available in different forms Correct Answer: Option D – the same product is...
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