Microeconomics UE Past Papers Questions.


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(1772) Question Category: Short answers

Give brief description about the following cost industries.

  1. Constant cost industry
  2. Increasing cost industry
  3. Decreasing  cost industry

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(1773) Question Category: Mathematical Calculation

A farm has a cost function given by C(y)=10y2 +1000. What is its supply curve?

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(1774) Question Category: Mathematical Calculation

If a firm has the cost function by C(y)=10y2 +1000. At what output is average cost minimized?

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(1775) Question Category: Mathematical Calculation

If the supply curve is given by Qs=100+20p, what is the formula for the inverse supply curve?

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(1776) Question Category: Short answers

By citing examples briefly outline features of Oligopolistic and Monopolistic competitive industries in East Africa.

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