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Economics 2013 JAMB Past Questions

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46

From the indifference curve above, consumer will prefer combination

  • A. F
  • B. S
  • C. M
  • D. K
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47

From the graph above, R represents

  • A. marginal cost
  • B. total cost
  • C. variable cost
  • D. fixed cost
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48
The optimum level of output of the firm is
  • A. BC
  • B. OB
  • C. OS
  • D. BS
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49
The total revenue of the firm is represented by
  • A. GHEF
  • B. GHJC
  • C. EFJC
  • D. GHOB
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