Question
Short Ques: 1.With the help of diagrams, illustrate and explain how MPP and MC are related. 3 marks 2. Why do we have diseconomies of
Short Ques:
1.With the help of diagrams, illustrate and explain how MPP and MC are related. 3 marks
2. Why do we have diseconomies of scale? In a diagram, show MES. 3 marks
3. Using BC-IC framework, derive the demand curve. 3 marks
4. Explain excess capacity theorem with a diagram. 3 marks
5. Write down the differences between Monopoly and Perfect Competition. 3 marks
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Macroeconomics
Authors: Charles I. Jones
1st Edition
978-0393926385, 0393926389
