These revision questions are designed for students preparing for the Principles of Economics exam. In this revision, we have included key questions likely to appear in KASNEB’s exam paper No.9 (Principles of Economics). This resource is also ideal for those preparing for professional exams where economics is in their syllabus. The revision questions align closely with the current syllabus to provide comprehensive exam preparation.

Below is a summary of the topics covered:

1. The application of foundational economic concepts to manage limited resources.
2. Determination of the pricing of commodities using the forces of demand and supply.
3. Application of the theory of consumer behavior in determining consumer satisfaction.
4. Application of the theory of production to determine the appropriate mix of factors of production.
5. Application of the theory of costs to determine the cost of production.
6. Use of mathematical approach to determine profit maximization in various market structures.
7. Evaluation of the impact of macro-economic factors on an organization

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