1999 JAMB UTME Economics Past Questions

Ulearngo is an independent study app. It is not affiliated with, endorsed by, or representing Joint Admissions and Matriculation Board (JAMB). Always confirm official exam, admission, registration, syllabus, timetable, and result information from JAMB official website.

JAMB official website

1999

In a firm, three employees earns N5,500 each, four earn N3,300 each, two earns N5,000 each and one earn N7,000. The mean income of the employees is?

1999

A capitalist economy is one characterized by the?

1999

The determinants of elasticity include?

1999

Normative economics deals with?

1999

The shape of a production possibility frontier is determined by the?

1999

Abubakar has the choice of buying either a house ruining cost. If he decides to buy the Mercedes Benz car, his opportunity cost is?

1999

One of the characteristics of an imperfect market is the?

1999

The main function of price in the economic system is to?

1999

The downward sloping part of the long-run average cost curve of a firm may be attributable to?

1999

A utility maximizing household will allocate its expenditure so that?

1999

In a planned economy, what shall be produced is determined primarily by?

1999

A major obstacle to rapid agricultural development in Nigeria is the?

1999

Which of the following falls continuously as output expands?

1999

Given that the total fixed cost is N1,000, total variable cost is N2,500 and the output is 100 units.Find the average total cost of producing one unit?

1999

In a perfect competition, every firm is a price?

1999

A characteristic of the average fixed cost is that, it?

1999

Concentrating industries in one place is advantageous because there are gains in terms of?

1999

1999 JAMB UTME Economics Past Questions

In a firm, three employees earns N5,500 each, four earn N3,300 each, two earns N5,000 each and one earn N7,000. The mean income of the employees is?

A capitalist economy is one characterized by the?

The determinants of elasticity include?

Normative economics deals with?

The shape of a production possibility frontier is determined by the?

Abubakar has the choice of buying either a house ruining cost. If he decides to buy the Mercedes Benz car, his opportunity cost is?

One of the characteristics of an imperfect market is the?

The main function of price in the economic system is to?

The downward sloping part of the long-run average cost curve of a firm may be attributable to?

A utility maximizing household will allocate its expenditure so that?

In a planned economy, what shall be produced is determined primarily by?

A major obstacle to rapid agricultural development in Nigeria is the?

Which of the following falls continuously as output expands?

Given that the total fixed cost is N1,000, total variable cost is N2,500 and the output is 100 units.Find the average total cost of producing one unit?

In a perfect competition, every firm is a price?

A characteristic of the average fixed cost is that, it?

Concentrating industries in one place is advantageous because there are gains in terms of?

The first petroleum exploring company to discover crude petroleum in Nigeria was?

The primary objective of establishing the Export Process Zone is to?

The major problem of cooperative societies in Nigeria is that?