Economics is a study of scarcity and choice. Scarcity means that human wants are always greater than the available supply of time, goods, services and other resources. The study of economics is divided into two branches. These are micro economics. And macro economics. The micro and macro economics are derived from the Greek words. Micro means small and the macro means large. Useful resources for finance students:.
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Economics is a study of scarcity and choice. Scarcity means that human wants are always greater than the available supply of time, goods, services and other resources. The study of economics is divided into two branches. These are micro economics. And macro economics. The micro and macro economics are derived from the Greek words. Micro means small and the macro means large. Useful resources for finance students:.
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Laws of production - Managedstudy.com
http://www.managedstudy.com/micro/laws_of_production.htm
State and explain the laws of returns. Explain the law of diminishing returns and discuss its application in agriculture. Explain the law of increasing return and its application. State and explain the law of variable proportions with schedule and diagram. Explain the relationship among total average and marginal products. Law of increasing returns. Law of constant returns. Law of diminishing returns. Law of variable proportion.
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http://www.managedstudy.com//index.htm
Economics is a study of scarcity and choice. Scarcity means that human wants are always greater than the available supply of time, goods, services and other resources. The study of economics is divided into two branches. These are micro economics. And macro economics. The micro and macro economics are derived from the Greek words. Micro means small and the macro means large. Useful resources for finance students:.
Consumer's behavoir - Managedstudy.com
http://www.managedstudy.com/micro/consumers_behavior.htm
What do you mean by utility? Explain different concepts of utility. Discuss the relationship between total utility and marginal utility. Explain the law of diminishing margin utility and the law of equi-marginal utility with the help of schedule and diagram. Explain the equilibrium of consumer in terms of utility analysis. Relationship between total utility and marginal. Law of diminishing marginal utility. Derivation of demand curve. Law of equi marginal utility. Marginal rate of substitution.
Micro economics - Managedstudy.com
http://www.managedstudy.com/micro/index.htm
The word micro means small. The micro economics is a branch of economics that is related to the smallest possible units of the economy. In this branch of economics, we study the individual parts of the economy and analyze the behavior of a particular decision making unit such as consumer, firm, an industry or an entrepreneur etc.
Supply - Managedstudy.com
http://www.managedstudy.com/micro/supply.htm
Movement or extension and contraction of supply. Shift or rise and fall in supply.
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Managed study - Managedstudy.com
Economics is a study of scarcity and choice. Scarcity means that human wants are always greater than the available supply of time, goods, services and other resources. The study of economics is divided into two branches. These are micro economics. And macro economics. The micro and macro economics are derived from the Greek words. Micro means small and the macro means large. Useful resources for finance students:.
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