2008 - JAMB Economics Past Questions and Answers - page 2

The excess benefit derived from the purchase of goods over the amount paid for them is referred to as consumer

An upward movement along the same supply curve results in

To protect farmers during a bumper harvest,. the government usually

The use of modern weaving machines in the production of local fabric will result in

In a perfectly competitive condition, a firm uses 10 units of labour at N25 and 11 units at N36, what is the marginal cost of labour?

The characteristic of entry and exit ensures that firms

Which of the following producer is closest to being a monopolist?

The output approach to measuring national income is based on the computation of

An example of injection into the circular flow of income is

The theoretical relationship between money supply and prices is weakened by changes in the