Author: John Musyoki

KUCCPS Application Procedure 2021/2022 KUCCPS Application Procedure 2021/2022 KUCCPS Application Procedure 2021 | See details below to apply … THE KUCCPS (KENYA UNIVERSITIES AND COLLEGES CENTRAL PLACEMENT SERVICE) is a new agency that handles applications for degree and diploma programs Read More …

QUESTION ONE   Highlight the axioms of consumer preference. (3mks) Distinguish between a good and a bad. (2mks) Distinguish between the weak axiom of revealed preferences and strong axiom of revealed preference.                                                 (2mks) Given a Cobb-Douglas utilityfunction of U=x15X20.5. Required: Read More …

Question One What is inflation (2mks) Outline the economic effects of high inflation level (8mks) Explain any three types of inflation according to cause and indicate clearly what the main causes of each are.             (9mks) Explain specific policies to Read More …

Question One The Gaussiansdistributions (Normal distribution) for random variables tend to have density curves that resemble one another in their physical condition. Explain in details the five main properties underlined in the General Normal Distribution.             (10mks) Students at the Read More …

QUESTION ONE (i) Compute |x-2| for x= -3, x= 0 and x= 4. (3mks) (ii)            The area of a square with sides of length x is x2. What is the area if the sides are doubled?                                                          (2mks) (iii)           If Read More …

QUESTION ONE( 25 MARKS) a) An economy has three industries, government (G), Agriculture (A) and manufacturing (M). The input output table for three industries is given as: Input to     G A M Final demand Total output Output From Read More …

a) Given the following sets: A= (5, 6, 7, 9) B= (6, 8, 13, 14) C= (6, 7) Find i)AuB            ii) AnB               iii) AuBuC              iv) AnBnC                            (4mks) ii) Represent the above solutions using venn diagrams          (6mks) c) Compute Read More …

QUESTION ONE (a) State the law of demand. (2mks) (b) Explain the applications of the concept of elasticity. (6mks) (c) Highlight the characteristics of a free market system. (5mks) (d) Distinguish between ordinal and cardinal utility theories. (4mks) (e) The Read More …

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 …

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 …