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?
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1999 JAMB UTME Economics Past Questions
1999
A capitalist economy is one characterized by the?
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1999
The determinants of elasticity include?
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1999
Normative economics deals with?
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1999
The shape of a production possibility frontier is determined by the?
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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?
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1999
One of the characteristics of an imperfect market is the?
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1999
The main function of price in the economic system is to?
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1999
The downward sloping part of the long-run average cost curve of a firm may be attributable to?
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1999
A utility maximizing household will allocate its expenditure so that?
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1999
In a planned economy, what shall be produced is determined primarily by?
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1999
A major obstacle to rapid agricultural development in Nigeria is the?
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1999
Which of the following falls continuously as output expands?
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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?
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1999
In a perfect competition, every firm is a price?
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1999
A characteristic of the average fixed cost is that, it?
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1999
Concentrating industries in one place is advantageous because there are gains in terms of?
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1999
The first petroleum exploring company to discover crude petroleum in Nigeria was?
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1999
The primary objective of establishing the Export Process Zone is to?
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1999
The major problem of cooperative societies in Nigeria is that?
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