1989 JAMB UTME Economics Past Questions

1989

Efficiency in production involves?

1989

The primary problem of Economics is?

1989

A shift in the production possibility frontier could result from?

1989

The need to construct a scale of preference is necessitated by?

1989

In its simplified form, the circular flow of income concept refers to the?

1989

If, as the price of a commodity rises, the quantity demanded of the commodity remains the same, then the demand for the commodity is?

1989

If a 10k per kg, 1000kg of yam were purchased and at 5k per kg, 1,500kg were purchased, the resultant point elasticity of demand is?

1989

Given perfect competition in the capital market, the opportunity cost of capital is adequately reflected by the?

1989

If the cost of production for a firm continues to increase as it output rises, the firm is said to be experiencing?

1989

If X represents the factors of production and Y represent the factor price, which of the following sets of association is correct?

1989

The merging of firms engage in different stages of production and marketing is called?

1989

For purely competitive industry, a fundamental requirement of the demand curve faced by individual firms is that it should be?

1989

In order to increase its profit margin, the monopolist can manipulate

1989

The marginal theory of distribution makes an assertion that the price of any factor depends upon its marginal?

1989

Which of the following factors is an important determinant of the magnitude of price elasticity of demand?

1989

The co-operative as a form of business organization differs from partnership by having?

1989

Which type of business organization has the attribute effectively combining management with control?

1989

The size of a business units tends to be small if the activity?

1989

One of the purposes of advertisement in marketing is to?

1989

which of the following is an important function of the retailer?

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