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    Contents of Economics Page

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    abdi reta
    This document contains an outline for a paper on microeconomics concepts. It includes 10 sections that cover topics such as the differences between fixed and variable inputs, the most efficient stage of short-run production and why, graphing the relationship between short-run marginal cost and marginal product of labor, whether accounting cost can exceed economic cost, and the difference between ordinal and cardinal utility. The document provides a framework to discuss key microeconomic principles through comparative analyses and graphical demonstrations.

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    Contents of Economics Page

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    abdi reta
    6 views1 page
    This document contains an outline for a paper on microeconomics concepts. It includes 10 sections that cover topics such as the differences between fixed and variable inputs, the most efficient stage of short-run production and why, graphing the relationship between short-run marginal cost and marginal product of labor, whether accounting cost can exceed economic cost, and the difference between ordinal and cardinal utility. The document provides a framework to discuss key microeconomic principles through comparative analyses and graphical demonstrations.

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    Contents of economics Page

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    This document contains an outline for a paper on microeconomics concepts. It includes 10 sections that cover topics such as the differences between fixed and variable inputs, the most efficient stage of short-run production and why, graphing the relationship between short-run marginal cost and marginal product of labor, whether accounting cost can exceed economic cost, and the difference between ordinal and cardinal utility. The document provides a framework to discuss key microeconomic principles through comparative analyses and graphical demonstrations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    6 views1 page

    Contents of Economics Page

    Uploaded by

    abdi reta
    This document contains an outline for a paper on microeconomics concepts. It includes 10 sections that cover topics such as the differences between fixed and variable inputs, the most efficient stage of short-run production and why, graphing the relationship between short-run marginal cost and marginal product of labor, whether accounting cost can exceed economic cost, and the difference between ordinal and cardinal utility. The document provides a framework to discuss key microeconomic principles through comparative analyses and graphical demonstrations.

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    Table contents

    Page
    1. Introduction……………………………………………………………………………….………………..…1
    2. Write a short note on the following………………………………………………………………….2
    3. Compare and contrast the following concepts………………………………………..………,..2
    4. What is the main difference between fixed inputs and variable
    inputs…………………………………………………………………………………………………..………...3
    5. Which stage of short run production is efficient? Why?....................................................3
    6. Show the relationship between short-run MC and MPL both mathematically
    and graphically…………………………………………………………………………………..……………3
    7. Can accounting cost be greater economic cost? Explain……..……………….……………..5
    8. What is the difference between the ordinal utility and cardinal utility?
    Explain why the assumption of cardinal utility is not needed in order to
    rank consumers’ choices……………………………………………………………………………….…6
    9. Consider the short run production function below; only labor
    input is varied……………………………………………………………………………………………..….7
    10.Conclusion………………………………………………………………………………………………….….9
    11.Reference…………………………………………………………………………………………………...…10

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