2011 - JAMB Economics Past Questions and Answers - page 2

From the Diagram above, the optimal point of production is

The average total cost when 20 units are produced is

When 20 units of output is produced, TC will be

The deflationary gap is defined by

What does X represent?

The median of an odd-numbered set of scores is the

The optimal range of output for a perfectly competitive firm is

If real income increases while nominal income remains the same, it can be inferred that

The profit of a monopolist can be eliminated where price equals

Optimum population enables an economy to attain the highest level of