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Economics 2002 JAMB Past Questions

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26
In the short-run a firm marginal cost curve above the point of shut-down is its?
  • A. demand curve
  • B. supply curve
  • C. cost curve
  • D. supply curve
View Answer & Discuss (1) JAMB 2002
27
The economic policy of deregulation is aimed at encouraging?
  • A. a monopolistic market structure
  • B. a duopolistic market structure
  • C. a competitive market structure
  • D. an oligopolistic market structure
View Answer & Discuss JAMB 2002
28
Under conditions of perfect competition, a firm's supply curve is determined by its?
  • A. total cost curve
  • B. marginal cost curve
  • C. variable cost curve
  • D. fixed cost curve
View Answer & Discuss JAMB 2002
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29
The effect of an increase in demand for a commodity accompanied by a decrease in supply will be to?
  • A. raise the price of the commodity and affect the quantity in an indeterminate way
  • B. decrease the equilibrium quantity and affect the price in an intermediate way
  • C. raise its price as well as the equilibrium quantity
  • D. lower it price while affecting the equilibrium quantity in an interminate way
View Answer & Discuss (4) JAMB 2002
30
External finance for a limited liability company is mainly sourced through?
  • A. the leasing equipment
  • B. the issuing of shares
  • C. trade credits
  • D. banks loans
View Answer & Discuss (2) JAMB 2002
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