Complete a descriptive table detailing the components of the aggregate demand. For the table, develop a column for each component explaining the factors that affect it. […]

Bring out the determinants of demand for labour

By use of diagrams, illustrate and explain the resultant changes on the equilibrium price and quantity from a simultaneous fall in price of a substitute and […]

Discuss the major causes of supply curve shifts

Outline the salient features of a monopsony market model

(i) A monopolistic firm with a linear demand curve finds that it can sell two units at Sh.12 or twelve units at Sh.2. Its fixed cost […]

The table below represents a production function for a commodity X where capital is fixed and labour is variable. Quantity of Labour Total Physical product (Tons […]

(a) State the Law of diminishing returns as applied to production functions. (4 marks) (b) Illustrate and explain the three stages associated with the law of […]

This your first official “Competition Simulation Decision 1” round. I am sure that you had a good week of practice and you are ready and eager […]