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MANAGERIAL ECONOMICS. CLEAR FORMATTING 1 QUESTION TWO 3) Examine the basis on which markets are classied in economics (5 marks) b) The average revenue, marginal

MANAGERIAL ECONOMICS.

CLEAR FORMATTING

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1 QUESTION TWO 3) Examine the basis on which markets are classied in economics (5 marks) b) The average revenue, marginal revenue and demand curve of a rm under perfect competi _ . on will be the same and parallel to the x-axls. Explain why this is the case (5 marks) e) Examine the salient features of a perfectly competitive rm (5 marks) d) Discuss the characteristics of investment decisions made by time

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