Study resources on Kenyaplex
Get ready-made curriculum aligned revision materials
Exam papers, notes, holiday assignments and topical questions –
all aligned to the Kenyan curriculum.
Here distinction is made between three types of production curves.
1) Total product curve
2) Marginal product curve
3) Average product curve


Wilfykil answered the question on
March 6, 2019 at 13:34
Exams With Marking Schemes
Related Questions
-
What are the similarities and differences between consumer behavior and production theory?
(Solved)
What are the similarities and differences between consumer behavior and production theory?
Date posted:
March 6, 2019
.
Answers (1)
-
Describe the distinction between substitution and income effect in the case of normal, inferior and giffen goods
(Solved)
Describe the distinction between substitution and income effect in the case of normal, inferior and giffen goods
Date posted:
March 6, 2019
.
Answers (1)
-
Describe the changes in the budget line.
(Solved)
Describe the changes in the budget line.
Date posted:
March 6, 2019
.
Answers (1)
-
What are the assumptions(Axiom) under cardinalist utility approach in economics?
(Solved)
What are the assumptions(Axiom) under cardinalist utility approach in economics?
Date posted:
March 6, 2019
.
Answers (1)
-
Illustrate and explain the cardinalist theory of consumer behavior
(Solved)
Illustrate and explain the cardinalist theory of consumer behavior
Date posted:
March 6, 2019
.
Answers (1)
-
What are the weaknesses of Cobweb Theory?
(Solved)
What are the weaknesses of Cobweb Theory?
Date posted:
March 6, 2019
.
Answers (1)
-
How is disequilibrium concept applied?
(Solved)
How is disequilibrium concept applied?
Date posted:
March 6, 2019
.
Answers (1)
-
Given the following
Demand function: Qd = 3550 - 266p
Supply function: Qs = 1526 + 240p
Determine the equilibrium market price and quantity.
(Solved)
Given the following
Demand function: Qd = 3550 - 266p
Supply function: Qs = 1526 + 240p
Determine the equilibrium market price and quantity.
Date posted:
March 6, 2019
.
Answers (1)
-
Explain the abnormal supply curves
(Solved)
Explain the abnormal supply curves
Date posted:
March 6, 2019
.
Answers (1)
-
State and explain the two exception to the law of demand
(Solved)
State and explain the two exception to the law of demand
Date posted:
March 6, 2019
.
Answers (1)
-
Explain the concept of scarcity and opportunity cost.
(Solved)
Explain the concept of scarcity and opportunity cost.
Date posted:
March 6, 2019
.
Answers (1)