Get premium membership and access questions with answers, video lessons as well as revision papers.
1. Bboth are convex to the origin
2. Both are not necessarily parallel to each other
3. Both are negatively inclined
4. Both do not touch each other
kevinnyabute answered the question on February 22, 2018 at 07:58
- Give measures an entrepreneur would take to gain a competitive edge over other competitors(Solved)
Give measures an entrepreneur would take to gain a competitive edge over other competitors.
Date posted: February 21, 2018. Answers (1)
- Under indifference curve analysis, a consumer is considered to be at equilibrium when certain conditions are met, state these conditions(Solved)
Under indifference curve analysis, a consumer is considered to be at equilibrium when certain conditions are met, state these conditions.
Date posted: February 21, 2018. Answers (1)
- Define properties of indifference curves in economics(Solved)
Define properties of indifference curves in economics
Date posted: February 21, 2018. Answers (1)
- Outline two schools of accessing consumer utility(Solved)
Outline two schools of accessing consumer utility.
Date posted: February 21, 2018. Answers (1)
- State three types of goods which disobey the law of demand(Solved)
State three types of goods which disobey the law of demand.
Date posted: February 20, 2018. Answers (1)
- Distinguish between the following terms: demand curve and demand schedule, ordinal utility theory and cardinal utility theory, consumer surplus and producer surplus, arc elasticity and point elasticity(Solved)
Distinguish between the following terms:
demand curve and demand schedule
ordinal utility theory and cardinal utility theory
consumer surplus and producer surplus
arc elasticity and point elasticity
Date posted: February 20, 2018. Answers (1)
- Define (a) consumer equilibrium (b) market equilibrium(Solved)
Define (a) consumer equilibrium (b) market equilibrium
Date posted: February 20, 2018. Answers (1)
- List some of the assumptions about consumer Preferences (Solved)
List some of the assumptions about consumer Preferences
Date posted: February 16, 2018. Answers (1)
- Differentiate between comprehensive and third party motor vehicle insurance(Solved)
Differentiate between comprehensive and third party motor vehicle insurance.
Date posted: February 16, 2018. Answers (1)
- Discuss law of demand (Solved)
Discuss law of demand
Date posted: February 15, 2018. Answers (1)
- Define(a) Marginal rate of substitution(b) Law of diminishing marginal utility(Solved)
Introduction to microeconomics
Date posted: February 14, 2018. Answers (1)
- Distinguish the difference between (a) Total utility (b) Marginal utility(Solved)
Distinguish the difference between (a) Total utility (b) Marginal utility
Date posted: February 14, 2018. Answers (1)
- Discuss methods of computing national national income of a country taking into account the necessary adjustments (Solved)
discuss methods of computing national national income of a country taking into account the necessary adjustments.
Date posted: February 10, 2018. Answers (1)
- Explain how information technology dampens the business cycle in Kenya (Solved)
Explain how information technology dampens the business cycle in Kenya
Date posted: February 10, 2018. Answers (1)
- Why is price discrimination important in high tech industries?(Solved)
Why is price discrimination important in high tech industries?
Date posted: February 10, 2018. Answers (1)
- What is bundling and what are its economic effects (Solved)
What is bundling and what are its economic effects
Date posted: February 10, 2018. Answers (1)
- Discuss the useful metrics used to estimate various maintenance tasks. (Solved)
Discuss the useful metrics used to estimate various maintenance tasks.
Date posted: February 10, 2018. Answers (1)
- Briefly explain how information technology enhances productivity in an economy(Solved)
Briefly explain how information technology enhances productivity in an economy
Date posted: February 10, 2018. Answers (1)
- What are the main factors that determine the choice of data processing model to be used by a firm(Solved)
What are the main factors that determine the choice of data processing model to be used by a firm
Date posted: February 10, 2018. Answers (1)
- General trends indicate that ICT will continue to be the driver of change in the future. Discuss the validity of this proposition. (Solved)
General trends indicate that ICT will continue to be the driver of change in the future. Discuss the validity of this proposition.
Date posted: February 10, 2018. Answers (1)