1406 questions · 30 years · 1983–2018
Full JAMB UTME past questions with correct answers. Practice with timed simulations, track your scores, and top the leaderboard.
Which of the following items is NOT included in measuring national income by the income approach?
A down ward sloping demand curve intersects a fixed supply curve. A shift of this demand curve to the right implies that
Which of the following items is NOT an argument for locating industries in rural areas?
The curves D0D0 and S0S0 are the demand and supply curves respectively. What happens government subsidizes producers in order to boost output?
The natural growth rate of a population is the
Which of the following sets fully represents factor of production?
Production possibilities (alternatives) P Q R S T Units of shelter 5 4 2 0 Units of food 0 5 9 12 15 Based on the above production possibilities table, the real cost of a unit of food when alternative R is selected is
The concept of economic efficiency primarily refers to
If successive units of labour are added to a piece of land while capital and technology remain constant, a point will be reached in the level of production when each added unit of labour will add less to the output than previous units of labour.
In perfect competition a firm’s price is equal to its marginal revenue which is again equal to average revenue. This form maximizes its profits when its marginal cost (MC)is equal to price (p). Which of the curves in the diagram below represents the firm’s marginal cost (MC?
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