(a) State and explain four differences between a public limited company and a private limited company .
(8 marks)
(b) Explain four conditions under which Division of labour leads to an increase in output
(12 marks)
- The table shows the different levels of satisfaction a consumer will derive from the consumption of oranges in
a day.
| Number of Oranges | Total Utility (in utils) | |
| 1 | 10 ., | |
| 2 | 26 | |
| 3 | 35 | |
| 4 | 35. | |
| 5 | 30, |
(a) Calculate the marginal utility of this consumer. (5 marks)
(b) At what level of consumption will the consumer attain maximum satisfaction and why?
(c) State and explain four factors that will influence the supply of other consumer goods in an economy. (12 marks)
3)
(a) Explain four differences between a commercial bank and a central bank
