[ Post UTME Begins ]: View The List Of Schools That Have Released 2026 Post-UTME Forms.
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
  1. Home
  2. Classroom
  3. Economics

Economics Past Questions

Clear Selections
Change Subject Post a Question Check Syllabus Study My Bookmarks Past Questions Videos Watch Video Lessons Download App

Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
1311
Which of the following can be deduced from the law of variable proportions when total output is rising?
  • A. MP is greater than AP
  • B. MP is less than AP
  • C. MP is equal to AP
  • D. MP is equal to zero
View Answer & Discuss (4) JAMB 2009
1312
As the level of output increases, the average fixed cost of a firm will
  • A. continue to decrease
  • B. remain unchanged
  • C. continue to increase
  • D. be equal to the total cost
View Answer & Discuss (2) JAMB 2009
1313
The shape of the long-run average cost curve is best explained by the
  • A. law of diminishing returns
  • B. law of returns to scale
  • C. cost of fixed inputs
  • D. cost of variable inputs
View Answer & Discuss JAMB 2009
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
1314

The supply curve of a perfectly competitive firm is identical to its

  • A. total cost
  • B. marginal cost
  • C. fixed cost
  • D. variable inputs
View Answer & Discuss (1) JAMB 2009
1315
If a monopolist is incurring short-run losses, this means that his
  • A. selling price is above the short-run marginal cost
  • B. selling price is below the short-run marginal cost
  • C. average revenue is greater than marginal revenue
  • D. average reveune is less than marginal revenue
View Answer & Discuss JAMB 2009
Start a Free Practice Test
 
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now