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3276

The savings deposit in a commercial bank is called

  • A. Capital
  • B. Fund
  • C. Near
  • D. Money
  • E. Call money
View Answer & Discuss (11) JAMB 2005
3277
\(\begin{array}{c|c}
\text{Output(kg)} & 240 & 450 & 580 & 630 \\
\hline
\text{MR(N)} & 75 & 48 & -40 & -22 \\
\hline
\text{MC(N)} & 41& 48 & 77 & 20 \\
\end{array}\)

Given the table above, what is the firm's short - run profit maximizing output?
  • A. 450kg
  • B. 630kg
  • C. 240kg
  • D. 580kg
View Answer & Discuss (6) JAMB 2005
3278

\(\begin{array}{c|c}
\text{Number of Men} & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \\
\hline
\text{Total product(Unit)} & 200 & 440 & 540 & 600 & 640 & 660 & 660 & 640 \\
\hline
\end{array}\)

What is the average product when 3 men are employed?

  • A. 120 units
  • B. 540 units
  • C. 100 units
  • D. 180 units
View Answer & Discuss (2) JAMB 2006
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3279
The price index is calculated as
  • A. \(\frac{\text{weighted price}}{\text{current price}}\) x \(\frac{100}{1}\)
  • B. \(\frac{\text{base year price}}{\text{current price}}\) x \(\frac{100}{1}\)
  • C. \(\frac{\text{current price}}{\text{weighted price}}\) x \(\frac{100}{1}\)
  • D. \(\frac{\text{current price}}{\text{base year price}}\) x \(\frac{100}{1}\)
View Answer & Discuss JAMB 2006
3280

The law of demand can be expressed as

  • A. P = f(Q d)
  • B. Q d = f(\(\frac{1}{p}\)
  • C. P = f(\(\frac{1}{Q_d}\)
  • D. Qd = f(P)
View Answer & Discuss (5) JAMB 2006
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