The revenue of Better Option Pink Mobile Phone Company is related to advertising (a) and phones sold (q). Specifically, the relationship can be expressed as: R […]

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

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.

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. […]

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 […]

(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 […]

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 […]

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 […]

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