JAMB Economics 2008 Objective — Question 48
Question 48 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2008 Objective paper, with the correct answer and a full explanation.
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A high rent on land will affect the cost of producing maize
- A. positively
- B. negativelyCorrect
- C. at the early stage of production
- D. at the later stage of production
Explanation
High rent on land will have negative effect on the production of maize because land is an input in the production of maize. An increase in the price of input is going to increase the cost of production.
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