Question 296:

• JAMB 2015

Isocost and isoquant can be attributed to

A. Theory of consumer behaviour
B. Theory of cost
C. Theory of production
D. Theory of value

Question 297:

• JAMB 2015

The line Y in the diagram represents

A. Total cost
B. Variable cost
C. Fixed cost
D. Marginal cost

Question 298:

• JAMB 2015

The curve labeled II illustrates a system of taxation

A. Proportional tax
B. Regressive tax
C. Value added
D. Progressive tax

Question 299:

• JAMB 2015

The information that rank a consumer preferences is given by

A. Scale of preference
B. Indifference map
C. Demand schedule
D. Supply schedule

Question 300:

• JAMB 2015

The ownership of a public limited liability company is made up of

A. Two to twenty persons
B. Minimum of two and maximum of fifty
C. Minimum of seven and no maximum number
D. Owner owned by the government