Economics

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Past Questions

Question 1161
jamb 2005
a

assigning each worker to a specific activity

b

assigning each worker a given number to produce

c

increasing the daily output

d

producing a specific model

Question 1162
jamb 2005
a

total cost curve

b

marginal cost curve

c

average fixed cost curve

d

average cost curve

Question 1163
jamb 2005
a

supply is greater than demand

b

the market price above the equilibrium price

c

demand is greater than supply

d

excess demand is greater than excess supply

Question 1164
jamb 2005
a

a production function

b

an indifference curve

c

an isocost

d

an isoquant

Question 1165
jamb 2005
a

the price-quantity ratios are equal

b

equal amounts of X and Y are consumed

c

less of Y and more of X are consumed

d

less of X and more of Y are consumed

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