Get premium membership and access questions with answers, video lessons as well as revision papers.
- Define the optimum level of output.(Solved)
Define the optimum level of output.
Date posted: April 17, 2019. Answers (1)
- Outline the importance of Knowledge of the optimum size of a firm.(Solved)
Outline the importance of Knowledge of the optimum size of a firm.
Date posted: April 17, 2019. Answers (1)
- Outline the reasons for setting a reasonable profit.(Solved)
Outline the reasons for setting a reasonable profit.
Date posted: April 17, 2019. Answers (1)
- What is the formula for profit-maximising conditions.(Solved)
What is the formula for profit-maximising conditions.
Date posted: April 17, 2019. Answers (1)
- Discuss the conditions for profit Maximization.(Solved)
Discuss the conditions for profit Maximization.
Date posted: April 17, 2019. Answers (1)
- Define profit with illustration.(Solved)
Define profit with illustration.
Date posted: April 17, 2019. Answers (1)
- List the limitations of Total Revenue - Total Cost Approach(Solved)
List the limitations of Total Revenue - Total Cost Approach.
Date posted: April 16, 2019. Answers (1)
- Explain Total Revenue - Total Cost Approach(Solved)
Explain Total Revenue - Total Cost Approach.
Date posted: April 16, 2019. Answers (1)
- Define the term equilibrium of a firm(Solved)
Define the term equilibrium of a firm.
Date posted: April 16, 2019. Answers (1)
- List the assumptions of the Theory of a Firm.(Solved)
List the assumptions of the Theory of a Firm.
Date posted: April 16, 2019. Answers (1)
- List the fundamental proposition for the Theory of a Firm.(Solved)
List the fundamental proposition for the Theory of a Firm.
Date posted: April 16, 2019. Answers (1)
- What is a firm?(Solved)
Define a firm.
Date posted: April 16, 2019. Answers (1)
- When do all the firms in a competitive industry achieve long run equilibrium?(Solved)
When do all the firms in a competitive industry achieve long run equilibrium?
Date posted: April 16, 2019. Answers (1)
- With the aid of a graph,show the short run profit maximizing position of a purely competitive firm.(Solved)
With the aid of a graph,show the short run profit maximizing position of a purely competitive firm.
Date posted: April 16, 2019. Answers (1)
- Explain the Equilibrium of a Competitive Firm.(Solved)
Explain the Equilibrium of a Competitive Firm.
Date posted: April 16, 2019. Answers (1)
- What is the importance of the law of variable proportions(Solved)
What is the importance of the law of variable proportions.
Date posted: April 16, 2019. Answers (1)
- What are the three phases or stages of production, as determined by the law of variable proportions?(Solved)
What are the three phases or stages of production, as determined by the law of variable proportions?
Date posted: April 16, 2019. Answers (1)
- Explain the Law of diminishing returns and the three stages of production.(Solved)
Explain the Law of diminishing returns and the three stages of production.
Date posted: April 16, 2019. Answers (1)
- List the assumptions of the law of variable proportions also called the law of diminishing returns.(Solved)
List the assumptions of the law of variable proportions also called the law of diminishing returns.
Date posted: April 16, 2019. Answers (1)
- Briefly discuss the production function-stages(Solved)
Briefly discuss the production function-stages
Date posted: April 16, 2019. Answers (1)