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Question 1:
? deduce the causal factors behind technological developments in different cultures and during different periods of human history
? assess the basis of common criticisms of modern technology.
Using clear arguments supported by technological examples, explain whether or not you agree with the statement below, and why you have selected your position.
"Technological advances have improved living standards for many people but have exacted a high price from the physical environment."
Question 2
? apply the principles of environmental impact assessment.
Discuss and evaluate the process that you would use to assess the environmental impact of the development of a new suburban residential development in an environmentally sensitive area.
"Take a monopolist with a constant average cost. The higher is the elasticity of demand at the chosen monopoly price, the higher is the monopolist's profit-to-revenue ratio." Expla
Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the
explain the various marginal uses and limitations of break even poin?
Define Nash equilibrium
would a rational producer be concerned with the average or marginal product of an input in dec
what happens when price is fix and there is a change of the supply and demand curve
law of demand..
why society has chosen the mixed economy
For each of the following scenarios, you use a SS & DD diagram to demonstrate the effect of a given shock on equilibrium price and quantity in specified competitive market. Explain
The Bandwagon Effect - This is desire to be in style, to have a commodity because almost everyone else has it, or to indulge in it. - This is major objective of marketing an
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