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problema economics is the study of how society decides what how and for whom to produce describe the importance of opportunity cost to a societyb
given p120-q tcqto the power 2 16 1-derive the total revenue function 2-calculate profit mazimization output for
analyse the method by which a firm can allocate the given advertising budget between different media
problem 1how can a manager of a supermarket maximise total revenue using various concepts of elasticity of demand use examples to illustrateproblem
draw the total revenue curve and the total cost curve showing the profit maximizing
a what are the problems associated with r2 and how can adjusted r2 solve themb if the regressors in an equation are highly correlated which
a what is meant by heteroscedasticity and what are the consequences of applying ols estimation in its presenceb explain in details the
problema why is an error term added to a regression and explain its importance in the ols procedureb suppose we have a linear equation with a
questiona with reference to the characteristics of market structure describe why the market for powdered milk in mauritius is an appropriate example
question 1a describe the different types of unemployment that existb critically examine how monetary policy will be used to deal with inflationc
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
7consider the following production possibilities table option y x a0100 b8080 c12050
the following model shows the consumption function givenct adtbeta2where a and beta2 are unknown constants and d is disposable income a show how
problema consider the classical linear regression model clrmyi alpha betaxi epsiloni i using the method of ordinary least squares ols derive an
problem 1write short notes on all of the followinga log linear regression modelb lin-log regression modelc individual versus overall
question 1a using examples explain the difference between time-series cross-sectional and panel datab formulate a simple linear equation and
problem 1the last half-century has witnessed major changes in the role that governments of developing countries have played especially in terms of
problem a using examples of least developed countries explain thei causes of market failures andii consequences of market failuresb describe the
problem 1a explain the common set of problems that developing countries usually faceb in your opinion which of the problems described in part a are
problem 1a explain the meaning of poverty briefly explain how poverty is measuredb clearly explain the relationship between poverty inequality and
question 1a describe the different forms that foreign aid may takeb does foreign aid lead to economic growth discussquestion 2a distinguish between
questiona explain the factors that contributed to the adoption of structural adjustment programme by a majority of least developed countries in the
question 1a the mauritian government is now increasingly involving the private sector in the development of the economy how can government support