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Economics Certificate In Marketing Question Paper

Economics Certificate In Marketing

Course:Certificate In Marketing (Marketing)

Institution: Machakos University question papers

Exam Year:2010

Machakos Technical Training Institute
Entrepreneurship and Management Studies/Secretarial Departments

Answer ANY FIVE questions. All questions carry equal marks. Use diagrams where necessary.
1. With the aid of a schedule and diagram, explain the law of demand.(20 Marks)

2. Write brief explanatory notes on the following economic concepts
(a) Cross elasticity of demand
(b) Joint demand
(c)Composite supply
(d) Scarcity.(20 Marks)

3. Use simplified diagrams to illustrate the relationship between:
(a) Total cost; variable cost and fixed cost.(10 Marks)
(b) Marginal cost and average cost.(10 Marks)

4. Explain the equilibrium of a firm under monopoly.(20 Marks)

5. State and briefly explain the functions of money.(20 Marks)

6. Write down the limitations and uses of National Income figures.(20 Marks)

7. List the functions of the central bank as:
(a) A banker's bank.(10 Marks)
(b) The government bank.(10 Marks)

8. (a) Give the factors that contribute to high population growth rates in developing countries.(10 Marks)
(b) List the causes of unemployment in Kenya.(10 Marks)

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