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Explain any four uses of indifference curve analysis

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1. Briefly explain two exceptions to the definition of an indifference curve

2. Explain any four uses of indifference curve analysis

3. Analyze six factors that influence the cost behavior of a firm

4. Outline four factors that determine the supply of labour in an economy

5. Explain the difference between 'real' and 'pecuniary' economies of scale of a firm

6. State six assumptions of the marginal productivity theory of wage determination

7. Enumerate six barriers to occupation mobility of labour

8. Explain five causes of the u-shaped long run average cost curves of a firm

9. Summarize six barriers to geographical mobility of labour as a factor of production

10. Highlight six measures that could be adopted by a government to enhance mobility of labour as a factor of production

11. Argue four cases for and fours cases against specialization as a method of production

12. Highlight four features of isoquant curves

13. Enumerate six attributes of money as a medium of exchange

14. Enumerate five sources of external economies of scale

15. Explain the law of variable proportions

Reference no: EM132876456

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