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3316

The demand curve faced by a monopolist is_____?

  • A. Positively sloped
  • B. Vertical
  • C. downward sloping
  • D. Negatively Sloped
View Answer & Discuss (3) JAMB 2016
3317

The interest charged on loans is determined by the __________?

  • A. Exchange rate
  • B. Fiscal policy
  • C. Risk associated with the loan
  • D. Rate of production in the country
View Answer & Discuss (9) JAMB 2016
3318
A country that is over-populated will face the problem of
  • A. Low birth rate
  • B. Low per capita income
  • C. High wage rate
  • D. Full employment
View Answer & Discuss (1) JAMB 2016
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3319

If additional unit of a variable factor input causes a fall in the marginal product, this implies that

  • A. Total product starts declining
  • B. Average product has become zero
  • C. Diminishing returns has set in
  • D. Increasing returns is operating
View Answer & Discuss (1) JAMB 2016
3320

From the graph above P2 in price control situation is referred

  • A. Minimum price
  • B. Shut-down price
  • C. Maximum price
  • D. Mark-up price
View Answer & Discuss (11) JAMB 2016
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