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2696
In the diagram above, ST is the budget line while l,ll and lll represent indifference curves. A rational consumer will choose to consume at point
  • A. M
  • B. J
  • C. K
  • D. L
View Answer & Discuss (1) JAMB 2004
2697
The table above shows the combinations of beans and rice that can be purchased by a consumer. The opportunity cost of moving from K to L is
  • A. 2 units of rice
  • B. 5 units of beans
  • C. 17 units of rice
  • D. 20 units of beans
View Answer & Discuss JAMB 2004
2698
The diagram above shows the shifts in both demand supply curves. What is the new equilibrium point after the shifts?
  • A. E3
  • B. E1
  • C. E4
  • D. E2
View Answer & Discuss JAMB 2004
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2699
What is the median quantity?
  • A. 5kg
  • B. 6kg
  • C. 3kg
  • D. 4kg
View Answer & Discuss (1) JAMB 2005
2700
Applying the law of comparative costs, how many units of groundnuts will Nigeria produce?
  • A. 7000 units
  • B. 16000 units
  • C. 9000 units
  • D. 8000 units
View Answer & Discuss (2) JAMB 2005
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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