Explain six roles played by foreign investment in least developed countries.
(b) Highlight six policy measures that may be put in place to combat unemployment in developing countries.
(c) A firm operating under perfect competition has the following demand and total cost functions:
P = 75 – 0.5Q
TC = 80 + 20Q
Where:
P = Price in shillings
TC = Total cost
Q = Quantity in units produced and sold
Required:
(i) The level of output that would maximise profits.
(ii) The maximum profit.
give correct detailed answers and show your calculations

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The detailed answer for the above question is provided below Answer a Six roles played by foreign investment in least developed countries 1 Financial Injection Foreign investments provide a much neede... View the full answer