Product differentiation in monopolistic competition implies that

A perfectly competitive firm is advised to close down when the

<p><img alt="" class="alignnone size-full wp-image-302640" height="202" src="https://data.ulearngo.com/assets/78f19552-eea0-4fed-b7f0-b7ad17548b72" width="300"/></p><p>A point P, the marginal rate of substitution is</p>

<div><img alt="" class="alignnone size-full wp-image-302640" height="202" src="https://data.ulearngo.com/assets/48a255d3-78e1-4b47-ab46-e954059448fa" width="300"/></div><p>A movement from K to M will</p>

<p><img alt="" class="alignnone size-full wp-image-302642" height="178" src="https://data.ulearngo.com/assets/db384122-7120-4671-a16d-6570322adf3d" width="300"/></p><p>The diagram above shows the effect of</p>

<div><table><tbody><tr><td style="width: 11.1111%;"><strong>Number of men</strong></td><td style="width: 11.1111%;">1</td><td style="width: 11.1111%;">2</td><td style="width: 11.1111%;">3</td><td style="width: 11.1111%;">4</td><td style="width: 11.1111%;">5</td><td style="width: 11.1111%;">6</td><td style="width: 11.1111%;">7</td><td style="width: 11.1111%;">8</td></tr><tr><td style="width: 11.1111%;"><strong>Total product (unit)</strong></td><td style="width: 11.1111%;">200</td><td style="width: 11.1111%;">400</td><td style="width: 11.1111%;">540</td><td style="width: 11.1111%;">600</td><td style="width: 11.1111%;">640</td><td style="width: 11.1111%;">660</td><td style="width: 11.1111%;">660</td><td style="width: 11.1111%;">640</td></tr></tbody></table></div><p>If the price per unit is N2, what is the average revenue when 6 men are employed?</p>

<p>\(\begin{array}{c|c} \text{Number of Men} &amp; 1 &amp; 2 &amp; 3 &amp; 4 &amp; 5 &amp; 6 &amp; 7 &amp; 8 \\ \hline \text{Total product(Unit)} &amp; 200 &amp; 440 &amp; 540 &amp; 600 &amp; 640 &amp; 660 &amp; 660 &amp; 640 \\ \hline \end{array}\)</p><p>What is the average product when 3 men are employed?</p>

A constraint on the expansion of a firm is the

2006 JAMB UTME Economics Past Questions

Product differentiation in monopolistic competition implies that

A perfectly competitive firm is advised to close down when the

A point P, the marginal rate of substitution is

A movement from K to M will

The diagram above shows the effect of

Number of men12345678Total product (unit)200400540600640660660640If the price per unit is N2, what is the average revenue when 6 men are employed?

The price index is calculated as

\(\begin{array}{c|c} \text{Number of Men} & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \\ \hline \text{Total product(Unit)} & 200 & 440 & 540 & 600 & 640 & 660 & 660 & 6…

A constraint on the expansion of a firm is the

The law of demand can be expressed as

2006 JAMB UTME Economics Past Questions

Product differentiation in monopolistic competition implies that

A perfectly competitive firm is advised to close down when the

A point P, the marginal rate of substitution is

A movement from K to M will

The diagram above shows the effect of

Number of men12345678Total product (unit)200400540600640660660640If the price per unit is N2, what is the average revenue when 6 men are employed?

The price index is calculated as

\(\begin{array}{c|c} \text{Number of Men} &amp; 1 &amp; 2 &amp; 3 &amp; 4 &amp; 5 &amp; 6 &amp; 7 &amp; 8 \\ \hline \text{Total product(Unit)} &amp; 200 &amp; 440 &amp; 540 &amp; 600 &amp; 640 &amp; 660 &amp; 660 &amp; 6…

A constraint on the expansion of a firm is the

The law of demand can be expressed as

\(\begin{array}{c|c} \text{Number of Men} & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \\ \hline \text{Total product(Unit)} & 200 & 440 & 540 & 600 & 640 & 660 & 660 & 6…