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Economics Past Questions and Answers

Economics Questions

Question 1991:
JAMB 2011
From that table above, the price elasticity of supply is
SchoolNGR Classroom
  • A 4
  • B 25
  • C 1
  • D 2
View Answer & Explanation
Question 1992:
JAMB 2011
From the Diagram above, the optimal point of production is
SchoolNGR Classroom
  • A R
  • B T
  • C U
  • D S
View Answer & Explanation
Question 1993:
JAMB 2011
The average total cost when 20 units are produced is
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  • A N20.00
  • B N23.00
  • C N13.00
  • D N15.00
View Answer & Explanation
Question 1994:
JAMB 2011
When 20 units of output is produced, TC will be
SchoolNGR Classroom
  • A N360
  • B N300
  • C N460
  • D N400
View Answer & Explanation
Question 1995:
JAMB 2011
The deflationary gap is defined by
SchoolNGR Classroom
  • A X
  • B K
  • C X + K
  • D X - K
View Answer & Explanation

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