Given the cost function C = 160 + 36Q, what is the average cost at 20 units of output?

A major characteristic of a mixed economy is that

In a textile factory, the cost of cotton used is a typical example of

<img alt="" class="alignnone size-full wp-image-301478" height="209" src="https://data.ulearngo.com/assets/273506d4-a54e-45b6-ad44-bdb518125cbd" width="300"/>In the diagram above, ST is the budget line while l,ll and lll represent indifference curves. A rational consumer will choose to consume at point

<img alt="" class="alignnone wp-image-301481" height="300" src="https://data.ulearngo.com/assets/fd42e461-0312-4488-998e-6d3f63e90160" width="338"/>The diagram above represents the short-run position of a monopolist. The profit-maximizing output is

<img alt="" class="alignnone size-full wp-image-302635" height="230" src="https://data.ulearngo.com/assets/00059438-30e7-4227-92e4-2846e12bebf8" width="300"/>The diagram above shows theshifts in both demand supply curves. What is the new equilibrium point after the shifts?

<img alt="" class="alignnone size-full wp-image-302639" height="82" src="https://data.ulearngo.com/assets/0deea3ca-fdf1-4ae9-8fe8-d82feed3b931" width="300"/>The table above shows the combinations of beans and rice that can be purchased by a consumer. The opportunity cost of moving from K to L is

<img alt="" class="alignnone size-full wp-image-302727" height="194" src="https://data.ulearngo.com/assets/58175448-70df-4b6a-9fd7-1a008ba0bebc" width="300"/>A movement from M to T implies that there has been

<img alt="" class="alignnone size-full wp-image-302727" height="194" src="https://data.ulearngo.com/assets/13089082-8ba1-4dcc-bab5-166a3cbe8827" width="300"/>When there is a change from T to N, it implies that

2004 JAMB UTME Economics Past Questions

Given the cost function C = 160 + 36Q, what is the average cost at 20 units of output?

A major characteristic of a mixed economy is that

A black market can occur when

In a textile factory, the cost of cotton used is a typical example of

In the diagram above, ST is the budget line while l,ll and lll represent indifference curves. A rational consumer will choose to consume at point

The diagram above represents the short-run position of a monopolist. The profit-maximizing output is

The diagram above shows theshifts in both demand supply curves. What is the new equilibrium point after the shifts?

The table above shows the combinations of beans and rice that can be purchased by a consumer. The opportunity cost of moving from K to L is

A movement from M to T implies that there has been

When there is a change from T to N, it implies that