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Jamb 2011 Economics Past QuestionsQuestion 41:From the Diagram above, the optimal point of production is A. R B. T C. U D. S Question 42:The average total cost when 20 units are produced is A. N20.00 B. N23.00 C. N13.00 D. N15.00 Question 43:When 20 units of output is produced, TC will be A. N360 B. N300 C. N460 D. N400 Question 44:The deflationary gap is defined by A. X B. K C. X + K D. X - K Question 45:What does X represent? A. Recessionary gap B. GNP gap C. Inflationary gap D. Deflationary gap |
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