Reference no: EM132877018

Outline the factors that may lead to the occurrence and persistence of a a market disequilibrium.
Explain the difference between 'real' and 'pecuniary' economies of scale of a firm
State six assumptions of the marginal productivity theory of wage determination
Enumerate six barriers to occupation mobility of labour
Explain five causes of the u-shaped long run average cost curves of a firm
Summarize six barriers to geographical mobility of labour as a factor of production
Highlight six measures that could be adopted by a government to enhance mobility of labour as a factor of production
Argue four cases for and fours cases against specialization as a method of production
Highlight four features of isoquant curves
Enumerate six attributes of money as a medium of exchange
Enumerate five sources of external economies of scale
Explain the law of variable proportions
Enumerate four assumptions underlying the law of variable proportions
Identify the sources of diseconomies of scale
List three properties of isoquant curves
Highlight four salient features of a monopolistic competition market structure