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.

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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.

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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 2021 - Question 40

Economics 2021 JAMB Past Questions - Question 40: In the theory of production, the price of a factor input is determined by

Choose the most appropriate option for the gap .

In the theory of production, the price of a factor input is determined by

A: the prevailing exchange rates

B: its elasticity of demand

C: the existence of large market

D: the prevailing interest rates.

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ECONOMICS

Economics 2021 JAMB Past Questions - Question 40: In the theory of production, the price of a factor input is determined by

Examkit's JAMB CBT App

Correct Answer

Explanation