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Economics Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
471
Price leadership is?
  • A. a form of tacit collusion
  • B. used to explain price rigidity
  • C. illegal in nigeria
  • D. a form of overt collusion
View Answer & Discuss JAMB 1988
472
The additional revenue obtained by using one more unit of a factor is called?
  • A. average product
  • B. marginal product
  • C. diminishing returns
  • D. marginal revenue product
View Answer & Discuss JAMB 1988
473
In a public company, enterpreneurial functions are performed by the?
  • A. workers
  • B. shareholders
  • C. general manager
  • D. board of directors
View Answer & Discuss JAMB 1988
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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474
The most important limitation on the partner as a form of business enterprise is the?
  • A. implication for partners'liability
  • B. legal limitation placed on the number of partners
  • C. difficulties arising from having two co-ordinate heads of a firm
  • D. fact that each partner regardless of the capital he contributes, must have the same voting rights
View Answer & Discuss JAMB 1988
475
Under partnership, investors who have no desires to be actively involved in the day-to-day management of such organization, are called?
  • A. stockholders
  • B. sleeping partners
  • C. part-time investors
  • D. ordinary partners
View Answer & Discuss (1) JAMB 1988
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