Deflation Jamb Economics Past Questions

Question 1

The curve labelled x is the

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  • A. total revenue curve
  • B. total product curve
  • C. marginal product curve
  • D. marginal revenue curve
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Question 2

Retailers are greater in numbers than wholesalers because?

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  • A. retail business may not be registered or incorporated
  • B. retail business requires less expertise
  • C. retailers deal with final consumers
  • D. all retail businesses are large enterprises
  • E. all retail businesses are small enterprises
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