Jamb Economics 2013 Past Questions and Answers

Question 1:

• JAMB 2013

If P = \(\frac{1}{4}\)(Qs + 10). What is the quantity supplied at N14?

A. 14
B. 60
C. 46
D. 32

Question 2:

• JAMB 2013

If P = \(\frac{1}{4}\)(Qs + 10). What is the quantity supplied at N14?

A. 14
B. 60
C. 46
D. 32

Question 3:

• JAMB 2013

The profit of a monopolist can be eliminated where price equals

A. AFC
B. MC
C. AC
D. AVC

Question 4:

• JAMB 2013

An economy in which both the public and private sectors contribute to economic growth is as

A. Feudal economy
B. Capitalist economy
C. Socialist economy
D. Mixed economy

Question 5:

• JAMB 2013

If the standard deviation of a given data is 53, what is the variance?

A. 2082
B. 2809
C. 2808
D. 2209