Suppose in a two commodity market model the supply and demand functions are given as: QS1 = -3 +4P1 QS2 = -18 + 4P2 Qd1 = […]

In a particular life insurance office, employees Simiyu, Juki, Waithera and Baraza have a diploma, with Simiyu and Baraza also having a degree. Simiyu, Macharia, Waithera, […]

Most developing countries especially the sub-Saharan African countries have not realized the full benefits from International Trade. Required: Discuss the main reasons why such countries have […]

The responsibilities of external auditors are not always well understood, especially with regard to the detection and reporting of fraud. When external auditors provide non-audit services […]

(a) Using a well labeled diagram, show and explain why in a perfectly competitive market structure, when the marginal revenue equals marginal cost, this is only […]

Discuss some of the consequential economic impacts of high and rising rate of interest.

What factors determine the rate of interest in an economy?

(i) Outline the major differences between quantity and the Keynesian Liquidity preference theories of money demand. (5 marks) (ii) If money supply in a given economy […]

Assume a consumer spends all his income in the purchase of two goods X and Y whose prices are Sh. 30 and Sh. 20 per unit […]