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Law of diminishing returns - Jamb Economics Past Questions and Answers

Jamb Economics Past Questions

Jamb Past Questions and Answers on Law of diminishing returns

Question 1:

JAMB 1997

The current stage of the economy is depicted in curve 1. Point P suggests that the economy is

A. Reaching full employment but not full prodduction
B. Attaining full production but not full employment
C. Under capitalized
D. Attaining both full employment and full production

View Answer & Explanation

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