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analyse the method by which a firm can allocate the given advertising budget between different media of
question 1a describe the three different ways of calculating national incomeb does the national income figure accurately reflect the living
problem a describe the law of demand and the factors affecting demandb llustrate and explain how demand of a commodity will change if there is a
problema distinguish between fiscal and monetary policy giving examples where appropriateb explain how fiscal and monetary policies might be used
questionusing diagrams where appropriate describe the concepts of scarcity choice and opportunity costdistinguish between negative and positive
no point is better accepted than the fact that the monopoly price is higher and the output smaller than what is socially ideal the public is the
question 1a what are the characteristics of market and command economiesb in a number of countries in recent years there has been a movement
question 1differentiate between income price and cross elasticities of demandhow will the concept of price elasticity be useful to the owner of a
question 1a distinguish between the short run and long run profits of a competitive firm by using graphical representationsb compare and contrast
question 1a briefly explain and distinguish between a centrally planned laissez-faire and mixed economyb according to you which kind of economic
problem 1the national budget exercise is nothing more than a political exercise discussproblem 2a what do economists mean by the term
questiona what are the basic attributes in designing a good tax systemb explain briefly how tax systems affect economic efficiencyc the trade
problem 1a explain what is meant by lsquoprice discrimination and what are the different types of price discriminationb under what conditions is it
problem 1all economies of the world can be said to be lsquomixed to a greater or lesser degree in that there is no economy where there is no state
question 1eitherlsquotoday the business organizations are quite different from the traditional classical firm with a wide range of objectives
questiondiscuss the pricing practices adopted by firms under different market structuresora firm produces a good which is sold on delivery and in
question 1assuming that you are a consultant on the lsquolight rail project and you are asked to forecast demand for this mode of transport what
questiona how do returns to scale and returns to factor affect the shapes of the ac in the long-run and short-run respectivelyb standard of living
question a how would the strategy of a firm faced with repeated games differ from that faced with sequential gamesb what do you understand by an
a what do you understand by equilibrium national income and to what extent is economic growth beneficial to an economyb explain using both diagrams
a a country should always protect its domestic industries discussb to what extent can a country actually rely on the principle of comparative
questiona as an advisor to government as well as that to a firm how will you make use of your knowledge on price elasticity of demand income
question 1i explain the likely effects of a recession on a governments budgetii how is the operation of fiscal policy supposed to affect the level
market theory is expected to apply to factor markets in a similar way to its application to product markets however there is extensive evidence in
7consider the following production possibilities table option y x a0100 b8080 c12050