Correct Answer: D. simple microscope

Correct Answer: B. 50%

Correct Answer: D. promoting equitable distribution of wealth

Explanation

(a)(i) Large numbers of buyers and sellers such that no single buyer or seller

(ii) Homogeneous products: The products are identical.

(iii) Free entry and exit of firms. Firms are free to enter when profits are made and are free to exit when losses are incurred

(iv) Identical cost conditions : There are no differences in the cost of production of firms, e.g. no transport cost etc

(v) No governmental control: Forces of demand and supply regulate prices in the market.

(vi) Perfect knowledge: Producers and consumers have perfect knowledge of market conditions

(vii) Firms are price-takers such that a single price rules the market.

(viii) No preferential treatment since all buyers and sellers are treated equally.

(ix) Perfect mobility of factors of production

(b) (i) In the short run, a perfectly competitive firm attains equilibrium at an output where MC-MR

The firm is able to earn above normal profits as illustrated below.

The equilibrium output is Q. The firm earns abnormal profit as shown by the shaded portion where AR is greater than AC

(ii) In the long run, the perfectly competitive firm earns only by normal profit, where P = AR = AC =MR = MC and produces at the optimal point E as illustrated below

The firm is at equilibrium at the optimal point E where P = AC = AR = MR = MC. Equilibrium output is Q

Correct Answer: B. \( \frac{\text{Cost } - \text{Scrape Value}}{Useful life} \)

Correct Answer: D. Carbon (II) oxide

Correct Answer: (D) sewn

Correct Answer: A. insure bank deposits

Explanation

(a) Exodus 1, 2:1-10

(i) A new Pharaoh who did not know Joseph arose over Egypt.

(ii) He feared that Israel, given their large population, could ally with other nations against Egypt.

(iii) He decided to enslave Israel; hence, task masters were set over them to afflict them with heavy burdens.

(iv) Pharaoh ordered the Hebrew midwives, Shiphrah and Puah to kill every male baby of the Hebrew women at birth.

(v) The midwives feared God and did not obey Pharaoh's order.

(vi) Moreover, the Hebrew women were stronger - before the nurse came, they gave birth.

(vii) Then Pharaoh commanded all his people to cast every son born to the Hebrews in the Nile, but to spare only daughters.

(viii) Moses was born to a Hebrew couple of the Levite family.

(ix) When after three months, his mother could no longer hide him, she dropped him in a basket by the Nile.

(x) Pharaoh's daughter picked the young Moses.

(xi) She contracted Moses' biological mother (unknowingly though) to nurture and bring up the boy for her.

(xii) Moses' mother nursed him and when he grew she brought him to Pharaoh's daughter and he became her son.

(xiii) She named him Moses meaning, I drew him out of water'.

(b) Three ways Moses was prepared for leadership roles:

(i) Royal upbringing gave him advantage of good education.

(ii) Familiarization with the machinery of government/administration.

(iii) Appreciation of sufferings of his people.

(iv) Patriotism and love for his people.

(v) Being conversant with the culture of his people.

Correct Answer: (D) errata