Jamb Economics 2000 Past Questions and Answers

Question 46:

• JAMB 2000

The marginal product X is

A. 18
B. 20
C. 24
D. 25

Question 47:

• JAMB 2000

In a price-taking firm, the portion UT above is the firm's

A. Average revenue curve
B. Long-run average cost curve
C. Demand curve
D. Supply curve

Question 48:

• JAMB 2000

If the pass mark was 40. how many students passed the examination?

A. 100
B. 120
C. 160
D. 200

Question 49:

• JAMB 2000

How many student took the examination?

A. 280
B. 240
C. 200
D. 80

Question 50:

• JAMB 2000

The firm whose sales and total revenue of the commodity as given in the table is

A. A monopolist
B. A monopolistic competitor
C. An oligopolist
D. A perfect competitor