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Discuss EIGHT assumptions made for a production function analysis.
Date posted:
March 18, 2019
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Illustrate equilibrium in an oligopolistic firm
Date posted:
March 7, 2019
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Illustrate the short-run and long-run equilibrium under the monopoly market
Date posted:
March 7, 2019
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Illustrate demand and revenue curves for a monopolistic market
Date posted:
March 7, 2019
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Illustrate the long-run equilibrium of a firm under perfect competition
Date posted:
March 7, 2019
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Derive the profit maximization equation
Date posted:
March 7, 2019
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State and explain the law of increasing returns
Date posted:
March 7, 2019
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What is an Isocost line and which are its shifts?
Date posted:
March 7, 2019
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Elaborate the choice of optimal combination of factors of production(Equilibrium of the firm)
Date posted:
March 7, 2019
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Show the homogeneity of production function in relation to returns to scale
Date posted:
March 7, 2019
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Explain the law of "return to scale"
Date posted:
March 7, 2019
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Prove that relevant range of production is in the section of the isoquant which is negatively sloped and convex
Date posted:
March 7, 2019
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Define the isoquant analysis
Date posted:
March 6, 2019
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State and explain the types of production curves
Date posted:
March 6, 2019
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What are the similarities and differences between consumer behavior and production theory?
Date posted:
March 6, 2019
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What is the definition of production concept?
Date posted:
March 6, 2019
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Describe the distinction between substitution and income effect in the case of normal, inferior and giffen goods
Date posted:
March 6, 2019
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Describe the changes in the budget line.
Date posted:
March 6, 2019
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Describe the budget constraint(line) of the consumer
Date posted:
March 6, 2019
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Illustrate derivation of the equilibrium condition for the consumer
Date posted:
March 6, 2019
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What are the assumptions(Axiom) under cardinalist utility approach in economics?
Date posted:
March 6, 2019
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Illustrate and explain the cardinalist theory of consumer behavior
Date posted:
March 6, 2019
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What are the weaknesses of Cobweb Theory?
Date posted:
March 6, 2019
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How is disequilibrium concept applied?
Date posted:
March 6, 2019
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What are the effects of shifts of demand/supply curve on equilibrium?
Date posted:
March 6, 2019
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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
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Explain the abnormal supply curves
Date posted:
March 6, 2019
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State and explain the factors that influence demand
Date posted:
March 6, 2019
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State and explain the two exception to the law of demand
Date posted:
March 6, 2019
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State the factors that influence the quantity demanded
Date posted:
March 6, 2019