Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

How do I practice JAMB past questions on Examkits?

You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.

Does Examkits work offline?

Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.

Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ECONOMICS

JAMB 2003 - Question 23

Economics 2003 JAMB Past Questions - Question 23: For a firm, value added can be defined as the difference between the

Choose the most appropriate option for the gap .

For a firm, value added can be defined as the difference between the

A: input prices aud product prices

B: value of its output and inputs purchased from other firms

C: value of its output and the cost of production

D: total revenue and total cost

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ECONOMICS

Economics 2003 JAMB Past Questions - Question 23: For a firm, value added can be defined as the difference between the

Examkit's JAMB CBT App

Correct Answer

Explanation