Use el libro de texto y las referencias del curso, para que se familiarice con el vocabulario de la primera parte del taller. Desarrolle un glosario que defina y explique detalladamente los conceptos enumerados en la sección del vocabulario del taller. Política monetaria Política de descuento Política monetaria expansiva Regímenes […]

Complete a descriptive table detailing the components of the aggregate demand. For the table, develop a column for each component explaining the factors that affect it. Send your work to the space created by the facilitator.

Bring out the determinants of demand for labour

By use of diagrams, illustrate and explain the resultant changes on the equilibrium price and quantity from a simultaneous fall in price of a substitute and an increase in the cost of raw materials for a specific commodity.

Discuss the major causes of supply curve shifts

Outline the salient features of a monopsony market model

(i) A monopolistic firm with a linear demand curve finds that it can sell two units at Sh.12 or twelve units at Sh.2. Its fixed cost is Sh. 20 and its marginal cost is constant at Sh. 3 per unit Derive and plot the following: Marginal cost, average total cost, […]

The table below represents a production function for a commodity X where capital is fixed and labour is variable. Quantity of Labour Total Physical product (Tons of X) 0 0 1 15 2 34 3 48 4 60 5 62 Using the data in the table, plot the marginal product […]

(a) State the Law of diminishing returns as applied to production functions. (4 marks) (b) Illustrate and explain the three stages associated with the law of variable proportions. (11 marks)