Jamb Economics Past Questions and Answers

Question 1741:

• JAMB 2005

FIND THE MEAN PRICE OF THE DISTRIBUTION

A. N54
B. N51
C. N56
D. N59

Question 1742:

• JAMB 2005

The difference in each country's total output on specification is

A. 16000 units
B. 9000 units
C. 8000 units
D. 7000 units

Question 1743:

• JAMB 2005

A profit maximizing monopolist should produce within the range where his demand is

A. Inelastic
B. Elastic
C. Infinitely elastic
D. Unitary elastic

Question 1744:

• JAMB 2005

The savings deposit in a commercial bank is called

A. Capital
B. Fund
C. Near
D. Money
E. Call money

Question 1745:

• JAMB 2006

If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 million, the equilibrium level of income will change by

A. N4.0 milion
B. N25. 0 milion
C. N2.5 milion
D. N15.0 milion