Jamb Economics Past Questions and Answers

Question 2091:

• JAMB 2012

The consumer is at equilibrium at point

A. N
B. P
C. M
D. K

Question 2092:

• JAMB 2012

To move from point M to K, the consumer has to increase the

A. Consumption of X and reduce the consumption of Y
B. Expenditure on Y
C. Expenditure on X
D. Consumption of Y and reduce the consumption of X

Question 2093:

• 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 2094:

• 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 2095:

• JAMB 2013

The profit of a monopolist can be eliminated where price equals

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