August 17, 2021

why the coefficient of the price is negative

ABC Manufacturers Ltd. produces spare part for motor vehicles. The demand for this spare part is given by; d = 15 – 0.5p; where d = […]
August 17, 2021

The break-even point

The break-even point is that level of output at which revenue equals cost. Required: Graphically show the break-even point using the cost, revenue and profit functions.
August 17, 2021

How humor connects us to other people, helps us become more empathetic

Paper details: – You must use examples of how people use humor to connect/understand others. + There are many differences between Asian humor and Western humor. […]
August 17, 2021

Considering an economic system which has n different sectors

Consider an economic system which has n different sectors, each of which produces one commodity. The product of one sector is being consumed by other sectors […]
August 17, 2021

The law of diminishing marginal utility

(a) State the law of diminishing marginal utility (3 marks) (b) If Mrs Breader views butter and margarine as perfect substitutes, draw a set of indifference […]
August 17, 2021

Preliminary procedures for appointment as an auditor

You have received a request form XYZ Ltd. to accept an appointment as their auditor for the financial year ending 31 December 2001. Required: a) Explain […]
August 17, 2021

Survey by Intelligence Consultants

In a recent research survey by Intelligence Consultants on the use of the services of auditing firms by various Non Governmental Organisations (NGOs) in Kenya, the […]
August 17, 2021

The cardinalist approach of consumer behaviour

Using the cardinalist approach of consumer behaviour, distinguish between income and substitution effects of a price rise for a normal good (10 marks)
August 17, 2021

Central and Eastern Industries is planning to introduce a new mobile phone service

Central and Eastern Industries is planning to introduce a new mobile phone service. To do so, the following activities are necessary: Activity Preceding Activity Expected Time […]
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