Jamb Economics 2015 Past Questions and Answers

Question 26:

• JAMB 2015

Find the range in the following data 9, 15, 6, 20, 24, 18, 12, 8, 20, 10, 5.

A. 24
B. 5
C. 19
D. 12

Question 27:

• JAMB 2015

All the following are properties of an indifference curves except

A. It can intersect
B. It slopes downward from left to right like that of a normal demand curve
C. As it shift rightward it indicate higher and higher level of satisfaction
D. It does not intersect

Question 28:

• 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 29:

• JAMB 2015

The line Y in the diagram represents

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

Question 30:

• JAMB 2015

The curve labeled II illustrates a system of taxation

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