How many National Development Plans did Nigeria have between 1960 and 1984?

When total revenue is at a maximum, marginal revenue is?

The unemployment associated with a recession is called?

The act of combining factor inputs in order to obtain specific output is known as

<table><tbody><tr><td style="width: 25%; text-align: center;">Fixed Unit of Land (hectares)</td><td style="width: 25%; text-align: center;">Variable Unit of Labout</td><td style="width: 25%; text-align: center;">Total Output (TO)</td><td style="width: 25%; text-align: center;">Marginal Product (MP)</td></tr><tr><td style="width: 25%; text-align: center;">5</td><td style="width: 25%; text-align: center;">1</td><td style="width: 25%; text-align: center;">10</td><td style="width: 25%; text-align: center;">10</td></tr><tr><td style="width: 25%; text-align: center;">5</td><td style="width: 25%; text-align: center;">2</td><td style="width: 25%; text-align: center;">25</td><td style="width: 25%; text-align: center;">15</td></tr><tr><td style="width: 25%; text-align: center;">5</td><td style="width: 25%; text-align: center;">3</td><td style="width: 25%; text-align: center;">X</td><td style="width: 25%; text-align: center;">21</td></tr><tr><td style="width: 25%; text-align: center;">5</td><td style="width: 25%; text-align: center;">4</td><td style="width: 25%; text-align: center;">60</td><td style="width: 25%; text-align: center;">14</td></tr><tr><td style="width: 25%; text-align: center;">5</td><td style="width: 25%; text-align: center;">5</td><td style="width: 25%; text-align: center;">73</td><td style="width: 25%; text-align: center;">13</td></tr><tr><td style="width: 25%; text-align: center;">5</td><td style="width: 25%; text-align: center;">6</td><td style="width: 25%; text-align: center;">82</td><td style="width: 25%; text-align: center;">y</td></tr></tbody></table>The table illustrates the law of diminishing returns on a farm. Which pair of the following answers is appropriate for the missing information in the spaces market X and Y?

<img alt="" class="alignnone size-full wp-image-296555" height="154" src="https://data.ulearngo.com/assets/07c4cdc1-49c0-4ecb-88c9-e3a3e6122ffa" width="300"/>In the table, the marginal cost when output is two, units is

<img alt="" class="alignnone wp-image-302713" height="234" src="https://data.ulearngo.com/assets/f914fa66-e8f8-4db1-abf6-12b5217a0112" width="335"/>In the figure above, the broken line labelled M is the marginal revenue curve of a

<img alt="" class="alignnone size-full wp-image-302715" height="196" src="https://data.ulearngo.com/assets/dfbea3f4-9967-42af-9ad4-df2315aad496" width="300"/>Study the figure above. At paint H the price elasticity of supply is

<img alt="" class="alignnone size-full wp-image-302717" height="192" src="https://data.ulearngo.com/assets/3c1f87e6-377e-4021-a926-0b5ece4ea015" width="300"/>The interdependence between households and business enterprises illustrated in the figure is known as

1985 JAMB UTME Economics Past Questions

How many National Development Plans did Nigeria have between 1960 and 1984?

When total revenue is at a maximum, marginal revenue is?

The unemployment associated with a recession is called?

Disguised unemployment

The act of combining factor inputs in order to obtain specific output is known as

Fixed Unit of Land (hectares)Variable Unit of LaboutTotal Output (TO)Marginal Product (MP)51101052251553X215460145573135682yThe table illustrates the law of diminishing returns on a farm. Which pair of the following answ…

In the table, the marginal cost when output is two, units is

In the figure above, the broken line labelled M is the marginal revenue curve of a

Study the figure above. At paint H the price elasticity of supply is

The interdependence between households and business enterprises illustrated in the figure is known as