(a) Make a distinction between fixed and variable costs of production. Give examples of each. (5 marks) (b) In a perfectly competitive market the average revenue […]

Jenga Engineers and Associates is a firm of engineers and designers. In the year of income 2005 they earned professional fee of Sh.7,500,000 before VAT. Their […]

Write brief notes on the following: i) Stamp duty; ( 6 marks) (ii) Tax matters relating to Export Processing Zones. ( 6 marks)

Write brief notes on the following economic concepts: (a) Choice , Scarcity and opportunity cost. (5 marks) (b) Exchange rate. (5 marks) (c ) Producer‟s surplus. […]

(i) What are the aims of time series analysis? (2 marks) (ii) Describe what a „season‟ is in the context of a time series and give […]

(a) State the main sources of monopoly powers. (5 marks) (b) Explain why the marginal revenue curve lies below the average revenue curve in a monopolistic […]

Assume that your proposal to do research has met with success, and you will be paid to do the proposed research project. Commence researching as you […]

Your firm is the auditor of Shah Engineering Ltd, and you have been asked to suggest the audit work you will carry out in verifying trade […]

(a) Define the term Monetary Policy. (2 marks) (b) Discuss any four instruments of this policy used to control and regulate money supply by the Central […]