Get premium membership and access questions with answers, video lessons as well as revision papers.
- What is an isocost line?(Solved)
What is an isocost line?
Date posted: February 22, 2018. Answers (1)
- Why is an isoquant negatively inclined?(Solved)
Why is an isoquant negatively inclined?
Date posted: February 22, 2018. Answers (1)
- What does the slope of an isoquant represent?(Solved)
What does the slope of an isoquant represent?
Date posted: February 22, 2018. Answers (1)
- State five assumptions of isoquants(Solved)
State five assumptions of isoquants.
Date posted: February 22, 2018. Answers (1)
- What is the difference between an isoquant and an indifference curve?(Solved)
What is the difference between an isoquant and an indifference curve?
Date posted: February 22, 2018. Answers (1)
- State the similarities of isoquants and indifference curves(Solved)
State the similarities of isoquants and indifference curves
Date posted: February 22, 2018. Answers (1)
- 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)