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Economics Past Questions and Answers

Economics Questions

Question 296:
JAMB 2015
Isocost and isoquant can be attributed to
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  • A Theory of consumer behaviour
  • B Theory of cost
  • C Theory of production
  • D Theory of value
View Answer & Explanation
Question 297:
JAMB 2015
The line Y in the diagram represents
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  • A Total cost
  • B Variable cost
  • C Fixed cost
  • D Marginal cost
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Question 298:
JAMB 2015
The curve labeled II illustrates a system of taxation
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  • A Proportional tax
  • B Regressive tax
  • C Value added
  • D Progressive tax
View Answer & Explanation
Question 299:
JAMB 2015
The information that rank a consumer preferences is given by
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  • A Scale of preference
  • B Indifference map
  • C Demand schedule
  • D Supply schedule
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Question 300:
JAMB 2015
The ownership of a public limited liability company is made up of
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  • A Two to twenty persons
  • B Minimum of two and maximum of fifty
  • C Minimum of seven and no maximum number
  • D Owner owned by the government
View Answer & Explanation

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