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 […]

Argue for and against international trade restrictions.

Distinguish between a tariff and a quota as applied in International Trade.

You have been hired as a consultant by a firm producing bread to advise on a pricing strategy that would enable the firm to maximize profits. […]

Use the database of the Virtual Library to research and explore the definition of each of the concepts listed in the vocabulary section of the workshop. […]