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Highlight four features of isoquant curves

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Reference no: EM132876528

Please refer to the attached documents for guidance on how to address the questions

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

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

3. Highlight four features of isoquant curves

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

5. Enumerate five sources of external economies of scale

6. Explain the law of variable proportions

7. Enumerate four assumptions underlying the law of variable proportions

8. Identify the sources of diseconomies of scale

9. List three properties of isoquant curves

10. Highlight four salient features of a monopolistic competition market structure

11. Highlight five disadvantages of monopoly market structure

12. Distinguish between perfect oligopoly and imperfect oligopoly

13. Briefly explain the economic effect of the oligopoly market structure in an economy

14. Outline the characteristic of an oligopoly market structure

15. Distinguish between the terms expansion path and price consumption curve

Reference no: EM132876528

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