<img alt="" class="alignnone size-full wp-image-302668" height="190" src="https://data.ulearngo.com/assets/5a183586-654a-4d16-8cba-f742ca33bef9" width="300"/>When 20 units of output is produced, TC will be

<img alt="" class="alignnone size-full wp-image-302668" height="190" src="https://data.ulearngo.com/assets/c02b9c3a-78bd-40c9-9e1b-7d35bbeff53a" width="300"/>The average total cost when 20 units are produced is

<img alt="" class="alignnone size-full wp-image-302673" height="194" src="https://data.ulearngo.com/assets/f0ec3eba-8c5a-4bf1-a1bc-3a2d9f93cbfd" width="300"/>From the Diagram above, the optimal point of production is

<img alt="" class="alignnone size-full wp-image-302672" height="106" src="https://data.ulearngo.com/assets/adce4251-91e5-45d6-8d78-ab8863704893" width="300"/>From that table above, the price elasticity of supply is

<img alt="" class="alignnone size-full wp-image-302682" height="174" src="https://data.ulearngo.com/assets/0fa4ab3f-727e-4367-b015-d83920622c92" width="300"/>What does X represent?

The median of an odd-numbered set of scores is the

Optimum population enables an economy to attain the highest level of

If real income increases while nominal income remains the same, it can be inferred that

The optimal range of output for a perfectly competitive firm is

2011 JAMB UTME Economics Past Questions

When 20 units of output is produced, TC will be

The average total cost when 20 units are produced is

From the Diagram above, the optimal point of production is

From that table above, the price elasticity of supply is

What does X represent?

The median of an odd-numbered set of scores is the

Optimum population enables an economy to attain the highest level of

If real income increases while nominal income remains the same, it can be inferred that

The optimal range of output for a perfectly competitive firm is