Question 336:

• JAMB 2015

Revenue can be expressed as

A. Total Profit made after sales
B. Amount of goods produced
C. Total money realized from sales
D. Amount spent on purchases

Question 337:

• JAMB 2015

All the following are factors that would bring about a change in supply except

A. Level of technology
B. Government policy
C. Entry of new firms
D. Price of the commodity

Question 338:

• JAMB 2015

The combination of two commodities each yielding the same level of satisfaction to the consumer is

A. Consumer surplus
B. Indifference curve
C. Budget constant
D. Goods of necessity

Question 339:

• JAMB 2014

Given that Qd = 40-2P and Qs = 6P+24. Calculate the equilibrium price.

A. 34
B. 32
C. 36
D. 16

Question 340:

• JAMB 2014

From the table above, find the values of E and F respectively

A. 27 and 1
B. 68 and 12
C. 28 and 5
D. 12 and 19