How can a firm benefit from external economies?

Which of the following could be used to measure the efficiency of labour?

In a situation where Mux represent the marginal utility of product X while Px represent the price respectively. Utility can be maximized when

The theory of comparative cost advantage is associated with

In a situation when a firm is operating in a perfectly competitive firm and the total cost is given perfectly competitive firm and the total cost is given as N75.00. If the market price is N7.00 determine the profit. When 25 units are produced

The practice of selling goods overseas and often below the cost of production is known as

The demand and supply functions of commodity x are given as follows: Qd = 20- 2p, Qs = 6p - 12 where p = price, Qd = quantity demanded and Qs = quantity supplied. Determine the equilibrium price

What would encourage the growth of international division of labour?

Given that the prices and quantities supplied in litres of petrol is expressed as Qs = 25 + 0 25P.Qs is the quantity supplied and P is price. Determine the quantity supplied when price per litre is N30

<p><img alt="" class="alignnone size-full wp-image-302711" height="209" src="https://data.ulearngo.com/assets/156e287f-1513-43b0-a77d-eed5112f7e58" width="300"/></p><p>From the diagram, determine the profit-maximizing output</p>

2015 JAMB UTME Economics Past Questions