INTRODUCTION TO MICROECONOMICS

Clearly differentiate between the following economic terms. Use diagrams where necessary Marginal Rate of Substitution and Marginal Opportunity Cost Change in Supply and Change in Quantity Supplied Cardinal Utility and Ordinal Utility (10 Marks) Highlight the limitations of Cardinal Approach Read More …

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BIT 2303-DSystems -DAY II KCA Past Paper

UNIVERSITY EXAMINATIONS: 2013/2014 ORDINARY EXAMINATION FOR THE BACHELOR OF SCIENCE IN INFORMATION TECHNOLOGY BIT 2303 DISTRIBUTED SYSTEMS (DAY) DATE: APRIL, 2014 TIME: 2 HOURS INSTRUCTIONS: Answer Question ONE and any other TWO QUESTION ONE a) Define the following terms [6 Read More …

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AGRICULTURAL POLICY AND LAW

QUESTION ONE Explain the following concepts in the context of economic development i) The difference between policy and a law.                      (2marks) ii) Criteria of policy.                                                                             (3 marks) iii)    The difference between monetary and fiscal policy.    (2 marks) Outline five unique Read More …

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