Reference no: EM132875972

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

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

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

4. Enumerate six barriers to occupation mobility of labour

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

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

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

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

9. Highlight four features of isoquant curves

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

11. Enumerate five sources of external economies of scale

12. Explain the law of variable proportions

13. Enumerate four assumptions underlying the law of variable proportions

14. Identify the sources of diseconomies of scale

15. List three properties of isoquant curves