Get premium membership and access revision papers, questions with answers as well as video lessons.

Got a question or eager to learn? Discover limitless learning on WhatsApp now - Start Now!

Eet 100: Microeconomic Theory 1 Question Paper

Eet 100: Microeconomic Theory 1

Course:Bachelor Of Economics

Institution: Kenyatta University question papers

Exam Year:2016

KENYATTA UNIVERSITY
EET 100 : MICROECONOMIC THEORY 1

CAT 1 DATE: 19/10/2016 TIME: 2.00 - 2.45PM

instructions :Answer all questions.

1. Distinguish between the following concepts (10marks)

i) Scarcity and opportunity cost
ii) Equality and efficiency
iii) Point elasticity and arc elasticity of demand
iv) Firm's supply and market supply
v) Stable equilibrium and neutral equilibrium.

2. The demand and supply curves of a good in its market are given by the following equations.

0.2P2 + 2P+Q=100 Demand
0.3P2+4P-Q= - 100 Supply

Where People is per unit of the commodity in Ksh. And Q is quantity.
i) Determine the equilibrium price and quality (5marks)
ii) The government wishes to fix the price of the commodity at Ksh. 5. Explain what will happen in the market for the good. (5marks)
iii) Find the price elasticity of demand when P=10 and interpret the results (5marks)

3.Explain the factors that influence elasticity of supply (5marks)

More Question Papers

Agd 202: Participatory Approaches And Tools In Gender And Development

Asc 103:Social Structures Of African Societies

Asc 410: The Sociology Of Knowledge

Bac 406: International Finance Management

Egc 506: Personality Psychology

Aen 403: Sociolinguistics

Aen 513: Language Planning And Education

Aen 508: Language Teacher Development And Classroom Research

Aen 512: Language Handicap And Language Pathology

Aen 516: Language Variation And Function

Aen 525: Language And Culture

Aen 303: Second Language Acquisition

Aen 525: Language And Culture

Aen 508: Language Teacher Development And Classroom Research

Aen:Second Language Acquisition

Afg 102 : Reading And Writing In German

Agd402: Gender, Planning, Policy Formulation And Implementation

Aht 101: Principles Of Archaeology

Agd 202: Participatory Approaches And Tools In Gender And Development

Agd 501: Methods Of Gender And Development Research 1

Aen 513: Language Planning And Education

Aec 102: Elements Of Macroeconomics

Aen 100: An Introduction To The Study Of Language

331: Counselling Psychology Methods

Aec 102: Elements Of Macroeconomics

Abe 301:Environmental Impact Assessment And Audit

Aen 407: Lingustic Typology

Aen 407: Lingustic Typology

203 : Modern Government In Africa

Agd102:Gender Culture And Development

Aht 102: Introduction To Political Science

Age 102: Physical Geography 1

Agd408: Gender Mainstreaming In Development Process

Aen 402:English Semantics And Pragmatics

Agd 500: Fundamentals In Gender

Aht 200: A History Of Kenya

Age 200:Qualitative And Quantitative Methods

Are 312: Philosophy Of Religion

Bba 042: Personal Policies

Bba 200: Organization Behaviour

Bba 200: Organization Behaviour Cat

Bac 304. Fundamental Of Taxation.

Bba 400 Buisness Policies And Decisions

Bba 200: Organization Behaviour

Bms 201: Computer Programming November 2016

Bac 411: Trust And Executorship

Are 417: Islamic Philosophy

Aph 500: Philosophy Of Logic

Bac 409: Forensic Accounting

Bac 202: Cost Accounting I November 2016

Popular Exams

Return to Question Papers

Quick Links