Question
1.With the help of a diagram, explain why agricultural products in North America are expected to produce in a more capital-intensive method, compared to the
1.With the help of a diagram, explain why agricultural products in North America are expected to produce in a more capital-intensive method, compared to the rest of the world despite every country shares the same production function
2. Explain technical barrier as the barrier entry into the monopolistic market
3.Discuss the shutdown rule in perfectly competitive market
4. what is the difference between interior and corner solutions,?
5.What are the characteristics of perfectly competitive market
6.Discuss the theory of the cost and explain different types of cost
7.How do changes of in the amount of money available for the purchase of factor affects the isocost curve
8. Explain the negative return to scale stage of production
9.Discuss the assumptions of diminishing law of marginal product
10.Differente between Hickson and slatsky S.E
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