Micro-Economics

	Question
1	(a) Define economics. Distinguish between micro and macro economics. This question has 0 answers so far.
1	Explain the law of demand? Discuss the main determinants of demand. This question has 0 answers so far.
0	(b) Explain production possibilities curve with the help of a diagrarm. This question has 0 answers so far.
0	What is consumer equilibrium? Explain consumer's equilibrium by using the Cardinal Utility Approach. This question has 0 answers so far.
0	Explain the law of supply. Show how the forces of demand and supply together determine the price of the product? This question has 0 answers so far.
0	Define production function. Discuss fixed and variable factors of production by giving suitable examples. This question has 0 answers so far.
0	Explain the Law of Returns to Scale through Isoquants. This question has 0 answers so far.
0	Differentiate between the following: (a) Explicit Cost and Implicit Cost. This question has 0 answers so far.
0	Differentiate between the following: (b) Private Cost and Social Cost. This question has 0 answers so far.
0	Write short note on: (a) Diseconomies of scale This question has 0 answers so far.
0	Write short note on: (b) Law of variable proportions This question has 0 answers so far.
0	Write short note on: (c) Price elasticity of demand This question has 0 answers so far.
0	Write short note on: (d) Short run cost curves This question has 0 answers so far.
0	Write short note on: (e) Income and Substitution Effects This question has 0 answers so far.