Economics

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Past Questions

Question 3321
jamb 2016
a

Fixed cost

b

Total cost

c

Average cost

d

Marginal cost

Question 3322
jamb 2016
a

Price of substitutes

b

Technological development

c

Consumers choice

d

Consumers income

Question 3323
jamb 2016
a

Encourage the production of garri

b

Create an excess supply of garri

c

Increase the consumption of garri

d

Decrease the consumption of garri

Question 3324
jamb 2016
a

Marginal utility of a commodity is equal to the price paid for it

b

Marginal utility of a commodity X is equal to the price of commodity Y

c

Average utility of a commodity is equal to the price paid for it

d

Total utility of a commodity is equal to the price paid for it

Question 3325
jamb 2016
a

Precautionary motive

b

Transactionary and Precautionary motive

c

Speculative motive

d

Speculative and Transactionary motives

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