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Economics 2013 JAMB Past Questions

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1

If P = \(\frac{1}{4}\)(Qs + 10). What is the quantity supplied at N14?

  • A. 14
  • B. 60
  • C. 46
  • D. 32
View Answer & Discuss JAMB 2013
2

The profit of a monopolist can be eliminated where price equals

  • A. AFC
  • B. MC
  • C. AC
  • D. AVC
View Answer & Discuss (3) JAMB 2013
3

An economy in which both the public and private sectors contribute to economic growth is as

  • A. feudal economy
  • B. capitalist economy
  • C. socialist economy
  • D. mixed economy
View Answer & Discuss (1) JAMB 2013
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4

If the standard deviation of a given data is 53, what is the variance?

  • A. 2082
  • B. 2809
  • C. 2808
  • D. 2209
View Answer & Discuss JAMB 2013
5

Which of the following set of statistical tools is used for further economic analysis?

  • A. the median and standard deviation
  • B. the mean and mode
  • C. the mean and standard deviation
  • D. the mode and median
View Answer & Discuss (7) JAMB 2013
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