This happens whereby the monopolist has control over pricing, demand and supply decision, thus sets prices in a way, so that the maximum profit can be earned. They charge different prices from different consumers for the same product.
Mabongajoel answered the question on September 17, 2018 at 12:00
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What are the causes of shift in IS and LM curves?
(Solved)
What are the causes of shift in IS and LM curves?
Date posted:
September 6, 2018
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Answers (1)
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Outline the Rationale of Economics of Education
(Solved)
Outline the Rationale of Economics of Education
Date posted:
August 27, 2018
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Answers (1)
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Process of credit creation and its limitations
(Solved)
Process of credit creation and its limitations
Date posted:
August 13, 2018
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Answers (1)
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Explain the international economic problems related to international trade operations
(Solved)
Explain the international economic problems related to international trade operations.
Date posted:
August 10, 2018
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Answers (1)
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Describe six importance of foreign trade in economic development of a nation
(Solved)
Describe six importance of foreign trade in economic development of a nation.
Date posted:
August 10, 2018
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Answers (1)
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Explain five measures that can be taken to curb food insecurity in Kenya
(Solved)
Explain five measures that can be taken to curb food insecurity in Kenya.
Date posted:
August 9, 2018
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Answers (1)
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Discuss six socio-economic factors affecting food security in Kenya
(Solved)
Discuss six socio-economic factors affecting food security in Kenya.
Date posted:
August 9, 2018
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Answers (1)
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Differentiate between voluntary and involuntary unemployment
(Solved)
Differentiate between voluntary and involuntary unemployment.
Date posted:
August 8, 2018
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Answers (1)
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What are the key areas of due diligence in planning as a phase of project cycle?
(Solved)
What are the key areas of due diligence in planning as a phase of project cycle?
Date posted:
August 7, 2018
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Answers (1)
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Outline the criticisms of purchasing power parity.
(Solved)
Outline the criticisms of purchasing power parity.
Date posted:
August 7, 2018
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Answers (1)
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Outline the criticisms of mint parity theory
(Solved)
Outline the criticisms of mint parity theory.
Date posted:
August 7, 2018
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Answers (1)
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Outline the assumptions of classical theories of international trade
(Solved)
Outline the assumptions of classical theories of international trade
Date posted:
August 7, 2018
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Answers (1)
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Explain the main methods of profit maximisation in the market
(Solved)
Explain the main methods of profit maximisation in the market
Date posted:
August 6, 2018
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Answers (1)
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Describe six policies that can be adopted by developing countries to improve agricultural sector
(Solved)
Describe six policies that can be adopted by developing countries to improve agricultural sector.
Date posted:
August 2, 2018
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Answers (1)
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Explain the meaning of the following terms as used in economics: i. Fiscal and monetary policy. (4 Marks) ii. Exchange rate and interest rate. (4 Marks) iii. Unemployment...
(Solved)
Explain the meaning of the following terms as used economics:
i. Fiscal and monetary policy. (4 Marks)
ii. Exchange rate and interest rate. (4 Marks)
iii. Unemployment rate and Okun’s law. (4 Marks)
Date posted:
August 2, 2018
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Answers (1)
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Given the following equation, derive the expression for the IS curve
(Solved)
Given the following equation, derive the expression for the IS curve.
C =100 +0.8Yd (Consumption function)
I = 10 –10r (Investment function)
G = 10 (Government purchases)
T = 0.25 (Tax rate)
Date posted:
August 1, 2018
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Answers (1)
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Explain why fiscal and monetary policies are referred to demand management policies
(Solved)
Explain why fiscal and monetary policies are referred to demand management policies
Date posted:
August 1, 2018
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Answers (1)
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Explain the three basic assumptions underlying the national income accounting
(Solved)
Explain the three basic assumptions underlying the national income accounting.
Date posted:
August 1, 2018
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Answers (1)
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Explain the limitations of Harrod-Domar Models
(Solved)
Explain the limitations of Harrod-Domar Models.
Date posted:
August 1, 2018
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Answers (1)
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Given the following equations for a certain economy C = 100 + 0.75 Y...
(Solved)
Given the following equations for a certain economy:
C = 100 + 0.75 Y
I = 560
X= 350
M = 40 + 0.15Y
Suppose the figures are in US Dollars billion, determine the equilibrium level of income. (5 Marks)
Date posted:
August 1, 2018
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Answers (1)