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Economics 2002 JAMB Past Questions

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21
The Malthusian theory of population growth is often said to be?
  • A. ambiguous
  • B. oversimplified
  • C. pessimistic
  • D. optimistic
View Answer & Discuss JAMB 2002
22
Improved labour efficiency can be measured by?
  • A. an increase in output-input ratio
  • B. an decrease in output-input ratio
  • C. the constancy of input-output ratio
  • D. an increase in input-output ratio
View Answer & Discuss JAMB 2002
23
As a firm increases its output, the average fixed cost?
  • A. tends to rise continuously
  • B. remains constant
  • C. rises and then falls
  • D. tends to decreased continuously
View Answer & Discuss JAMB 2002
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24
The short-run equilibrium output for a monopolist is determined by the?
  • A. highest point on the total revenue curve
  • B. minimum point on the average revenue and the average cost curve
  • C. intersection of the average revenue and the average cost curves
  • D. intersection of the marginal cost and marginal revenue curves
View Answer & Discuss (2) JAMB 2002
25
The benefits that accrue to a firm as a result of an improvement in the industry it belongs to are called?
  • A. internal economies of scale
  • B. economies of scale
  • C. market economies
  • D. external economies
View Answer & Discuss JAMB 2002
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