Question 781:

• JAMB 1985

Disguised unemployment

A. Exist when manpower is not being utilized efficiently
B. Calls for the implementation of five plans
C. Can be eliminated if the press is free
D. Can be eliminated if the capital output ratio is increased
E. Is a statistical artifact with no economic meaning

Question 782:

• JAMB 1985

The unemployment associated with a recession is called?

A. Voluntary
B. Frictonal
C. Cyclical
D. Structural
E. Maximum

Question 783:

• JAMB 1985

When total revenue is at a maximum, marginal revenue is?

A. Constant
B. Negative
C. Zero
D. Positive
E. Maximum

Question 784:

• JAMB 1985

In the table, the marginal cost when output is two, units is

A. 16.00
B. 20.00
C. 36.00
D. 40.00
E. 48.00

Question 785:

• JAMB 1985

The table illustrates the law of diminishing returns on a farm. Which pair of the following answers is appropriate for the missing information in the spaces market X and Y?

A. X = 20, Y = 6
B. X = 38, Y =9
C. X = 46, Y = 9
D. X = 46, Y = 14
E. X = 10, Y = 10