Question 726:

• JAMB 1984

Given the present state of the Nigeria economy,which of the following measures will promote more rapid economic development?

A. Complete dependence on oil exports
B. Concentration on agricultural exports
C. Diversification of the economy
D. Building of more schools and universities
E. Introductionn of nuclear energy in Nigeria

Question 727:

• JAMB 1984

Which of the following does NOT represent the behavior of a monopolist?

A. Manipulating the market price of his goods
B. Manipulating both the price and quantity of his goods at the same time
C. Raising the price at one market, lowering it at another market
D. Manipulating only quantity, price being a given factor
E. Manipulating the quantity of his goods

Question 728:

• JAMB 1984

In the diagram, the supply curve So So shifts to a new position S₁ S₁ to indicate

A. A drop in supply
B. A rise in supply
C. A supply- push inflation
D. A stable supply curve
E. An increase in quantity supplied

Question 729:

• JAMB 1984

The table above shows the short-run costs of a firm. What is the firm's marginal cost for the third item produced?

A. N350.00
B. N340.00
C. 360.00
D. 370.00
E. 55.00

Question 730:

• JAMB 1984

The diagram illustrates

A. The circular flow of income
B. Gross national product plus depreciation
C. Incomes of the private sector
D. The profit of business enterprises
E. The output approach to national income determination