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2706
A point P, the marginal rate of substitution is
  • A. less than one
  • B. greater than one
  • C. zero
  • D. unity
View Answer & Discuss JAMB 2006
2707
The diagram above shows a firm operating under conditions of monopolistic competition. The curve W represents its
  • A. marginal cost
  • B. average cost
  • C. average revenue
  • D. marginal revenue
View Answer & Discuss JAMB 2007
2708
The maximum number of workers that should be hired is
  • A. 2
  • B. 3
  • C. 4
  • D. 5
View Answer & Discuss (1) JAMB 2007
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2709
What is the marginal productivity when the number of workers is increased from 2 to 3?
  • A. 8kg
  • B. 20kg
  • C. 60kg
  • D. 180kg
View Answer & Discuss JAMB 2007
2710
The table shows the wage distribution of workers.Calculate the mean wage
  • A. N7.40
  • B. N4.00
  • C. N10.00
  • D. N14.80
View Answer & Discuss (3) JAMB 2007
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