Get premium membership and access questions with answers, video lessons as well as revision papers.
The law of variable proportions states that when we combine more and more units of a variable factor with fixed quantities of other factors , after a stage, the increase in total product becomes smaller and smaller
marlinbito answered the question on May 12, 2018 at 12:44
- Due to the increase in population the demand for agricultural land has” increased”. But the supply of agricultural land is fixed. Explain two methods...(Solved)
Due to the increase in population the demand for agricultural land has "increased". But the supply of agricultural land is fixed. Explain two methods by which the demand for land can be “decreased”
Date posted: May 12, 2018. Answers (1)
- Explain the implications of the feature ‘barriers to entry’ under monopoly(Solved)
Explain the implications of the feature ‘barriers to entry’ under monopoly
Date posted: May 12, 2018. Answers (1)
- Explain the implications of the feature’ homogeneous products in a perfectly competitive market.(Solved)
Explain the implications of the feature’ homogeneous products in a perfectly competitive market.
Date posted: May 12, 2018. Answers (1)
- Distinguish between explicit costs and implicit costs and give examples. (Solved)
Distinguish between explicit costs and implicit costs and give examples.
Date posted: May 12, 2018. Answers (1)
- Explain the importance of personal hygiene(Solved)
Explain the importance of personal hygiene.
Date posted: May 12, 2018. Answers (1)
- Use real time illustrations to discuss how various demographic dispositions impact on economic performance of a least developed country.(Solved)
Use real time illustrations to discuss how various demographic dispositions impact on economic performance of a least developed country.
Date posted: May 12, 2018. Answers (1)
- Explain the superiority of Optimum Population Theory over The Malthusian Population Theory(Solved)
Explain the superiority of Optimum Population Theory over The Malthusian Population Theory.
Date posted: May 12, 2018. Answers (1)
- Discuss FIVE causes of poverty in Less developing countries.(Solved)
Discuss FIVE causes of poverty in Less developing countries.
Date posted: May 12, 2018. Answers (1)
- Describe the Neo-Marxist theory of economic development(Solved)
Describe the Neo-Marxist theory of economic development
Date posted: May 12, 2018. Answers (1)
- Collective bargaining offers many advantages to employers, workers and society at large. Explain the importance of collective bargaining.(Solved)
Collective bargaining offers many advantages to employers, workers and society at large. Explain the importance of collective bargaining.
Date posted: May 11, 2018. Answers (1)
- Discuss FIVE roles of industrial sector in economic development of a nation(Solved)
Discuss FIVE roles of industrial sector in economic development of a nation.
Date posted: May 11, 2018. Answers (1)
- Briefly explain SIX characteristics of money(Solved)
Briefly explain SIX characteristics of money.
Date posted: May 11, 2018. Answers (1)
- Explain the different preferences for risks by individual farmer(Solved)
Explain the different preferences for risks by individual farmer.
Date posted: May 11, 2018. Answers (1)
- Briefly define the term ' trade union' and explain why do workers join a trade union?(Solved)
Briefly define the term ' trade union' and explain why do workers join a trade union?
Date posted: May 10, 2018. Answers (1)
- Explain FOUR factors affecting the size of a National Income.(Solved)
Explain FOUR factors affecting the size of a National Income.
Date posted: May 10, 2018. Answers (1)
- Explain five factors which determine the productivity of labour(Solved)
Explain five factors which determine the productivity of labour.
Date posted: May 9, 2018. Answers (1)
- Briefly describe four theories used to determine wages of labourers(Solved)
Briefly describe four theories used to determine wages of labourers.
Date posted: May 9, 2018. Answers (1)
- Explain the reasons for studying International Economics(Solved)
Explain the reasons for studying International Economics
Date posted: May 9, 2018. Answers (1)
- Outline the assumptions of Economic Order Quantity (EOQ)(Solved)
Outline the assumptions of Economic Order Quantity (EOQ).
Date posted: May 8, 2018. Answers (1)
- Outline methods used to derive Economic Order Quantity (EOQ)(Solved)
Outline methods used to derive Economic Order Quantity (EOQ).
Date posted: May 8, 2018. Answers (1)