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2591

Study the table above: What is the marginal product of the second worker?

  • A. 10
  • B. 20
  • C. 15
  • D. 18
  • E. 43
View Answer & Discuss (1) JAMB 1979
2592
In the above diagram supply and demand conditions of sugar in a Nigerian market are given. An indirect tax of 10 kobo per kg is imposed it will be paid
  • A. wholly by the supplier
  • B. wholly by the consumer
  • C. partly by the supplier and partly by the consumer
  • D. wholly by the middlemen
  • E. partly by stockholder and partly by consumer
View Answer & Discuss (1) JAMB 1980
2593
Commercial banks can create money in the following ways
  • A. by issuing coins and paper money
  • B. by borrowing money from Banks abroad
  • C. by receriving deposits from individuals
  • D. by printing money on the instructions of the Central Bank
  • E. none of the above
View Answer & Discuss JAMB 1980
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2594
From the market demand and supply schedules for milk, we can say that equilibrium price and quantity are
  • A. 15k, 13,000
  • B. 20k, 17,500
  • C. 13k, 20,000
  • D. 18k, 18,000
  • E. 18k, 15,000
View Answer & Discuss JAMB 1981
2595
In this diagram, So So is the original supply curve while S1 S1 represent?
  • A. A movement along a give supply curve
  • B. an increase in supply
  • C. decrease in supply
  • D. A perfect elastic supply curve
  • E. An abnormal supply curve
View Answer & Discuss JAMB 1981
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