Using specific examples, explain ‘Ceteris Paribus’ as used in economics

Write short notes on the following fundamental concepts: a) Scarcity and Choice (5 marks) b) Opportunity cost (5 marks) c) Production possibility frontier (5 marks) d) […]

The value for VAT of a supply is the consideration paid. Indicate the value for VAT under the ` following circumstances: The price of a radio […]

Discuss three practical problems experienced by a U.S citizen in complying with the VAT Act. Suggest ways in which these problems can be overcome.

A person who is registered for VAT must maintain certain records to satisfy the VAT regulations. Give ten examples of such records that must be kept.

An underdeveloped country is planning to be a newly industrialized country by the year 2030 A.D. What obstacles are likely to impede the achievement of this […]

For your unknown, you should find all of the following information before your start writing your report: Gram reaction Shape and arrangement of organism Catalase test […]

One of the determinants of demand for a commodity is advertising. Required: (i) Explain the extent to which advertising influences demand. (5 marks) (ii) State the […]

Assume there are 10,000 identical individuals (consumers) in the market for commodity x each with a demand function given by Qdx = 12 – 2Px and […]