Meaning And Types Of Production - Economics Jamb Past Questions and Answers

Question 16 :

• JAMB 2006

Mobility of labour is higher when there

A. Is a monopoly of jobs in one location
B. Is intense competition for jobs in the same location
C. Are alternative jobs in the same location
D. Are no alternative jobs in the same location

Question 17 :

• JAMB 2007

What is the marginal productivity when the number of workers is increased from 2 to 3?

A. 8kg
B. 20kg
C. 60kg
D. 180kg

Question 18 :

• JAMB 2009

Production takes place when

A. Output is transformed into input
B. Machines replace human effort
C. Input is transformed into output
D. There is specialization and division of labour

Question 19 :

• JAMB 2010

The primary motive for an individual engaging in production is to

A. Make profit
B. Satisfy basic human wants
C. Redistribute wealth
D. Put inputs into use

Question 20 :

• JAMB 2020

Efficiency in production means?

A. Reducing the size of the work force
B. Producing a given output with the lowest cost of combination of factors of production
C. Adoption of capital intensive technology
D. Increasing the quantity of the fixed factors of production