1990 JAMB UTME Economics Past Questions

1990

A firm achieves least-cost in production by substituting factors until?

1990

Which of following rewards is associated with entrepreneurship as a factor of production?

1990

One of the major advantages of specialization is that?

1990

In economic life, choice among alternatives depends on the?

1990

If one orange costs 20k and one kilogram of beef costs N10.00, the opportunity cost of one kilogram of beef is?

1990

Technical progress that leads to a reduction in costs results in?

1990

The law of diminishing marginal utility indicates that if a consumer increases his consumption of a commodity continuously, his?

1990

A situation in which all inputs are doubled and output also doubles is known as?

1990

At the point of profit maximization by a firm, marginal cost is?

1990

Economics of scale operate only when?

1990

Which of the following is applicable to a monopolistic firm operating at the output where marginal cost equals marginal revenue?

1990

The tailoring services is competitive partly because it consists of a large number of?

1990

An imperfect market in which there is only one buyer of a commodity is?

1990

The demand for a product is said to be price inelastic if?

1990

If an increase in income induces a reduction in the demand for beans, beans can be referred to as?

1990

Divorce of ownership from control is a characteristic of?

1990

A major difference between a state-owned enterprise and a private enterprise is that the former?

1990

Which of the following reasons could induce a manufacturer to bypass the wholesaler in the distribution chain?

1990

1990 JAMB UTME Economics Past Questions

A firm achieves least-cost in production by substituting factors until?

Which of following rewards is associated with entrepreneurship as a factor of production?

One of the major advantages of specialization is that?

In economic life, choice among alternatives depends on the?

If one orange costs 20k and one kilogram of beef costs N10.00, the opportunity cost of one kilogram of beef is?

Technical progress that leads to a reduction in costs results in?

The law of diminishing marginal utility indicates that if a consumer increases his consumption of a commodity continuously, his?

A situation in which all inputs are doubled and output also doubles is known as?

At the point of profit maximization by a firm, marginal cost is?

Economics of scale operate only when?

Which of the following is applicable to a monopolistic firm operating at the output where marginal cost equals marginal revenue?

The tailoring services is competitive partly because it consists of a large number of?

An imperfect market in which there is only one buyer of a commodity is?

The demand for a product is said to be price inelastic if?

If an increase in income induces a reduction in the demand for beans, beans can be referred to as?

Divorce of ownership from control is a characteristic of?

A major difference between a state-owned enterprise and a private enterprise is that the former?

Which of the following reasons could induce a manufacturer to bypass the wholesaler in the distribution chain?

In the distribution channels for goods and services, the middleman's mark-up margin provides a rough measure for the ?

Which of the following is the major function of the wholesaler?