Theory of firm questions | form five Economics
Find Theory of firm examination questions, form five Economics in acaproso.com
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| 1 | A firm is operating under the conditions of imperfect competitive industry. The cost and revenue are given as follows: TC=2Q+5 AR=8-Q Where TC=Total Cost, AR=Average Revenue and Q=Quantity of output produced/Sold. If this firm is incurring a loss of 77 Tshs;
Mathematical Calculation |
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| 2 | Describe the advantages and disadvantages of centrally controlled economies. Long answers |
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| 3 | Define diseconomies of scale and explain six(6) limitations of small scale firms to expansion. Long answers |
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| 4 |
Long answers |
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| 5 | Study the information given in the following Table and answer the questions that follow:
Mathematical Calculation |
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