Profit Maximization Problem: Perfect Competition

Learning Objectives Profit Maximization Problem Decision of a firm Output Decis…

The competitive firm, the firm and the industry demand and supply functions

Learning Objectives Competitive firm, firm and the industry Demand and supply f…

Cartel: A clear economic analysis

Cartel Cartel is the formal agreement between two or more oligopolistic firms i…

Microeconomics

I melearner has collected some of the most useful articles, notes, and related …

Microeconomics: Numerical Question Collections

Price Consumption Curve

Price Consumption Curve (PCC) can be defined as the locus of combination of dif…

Price and Output Determination in Perfect Competition

Learning Objectives Perfect Competition and Producer's Equilibrium TR - TC …

Price and Output Determination in Monopoly

Learning Objectives Monopoly and Producer's Equilibrium TR - TC Approach MR…

Opportunity Cost

Opportunity cost what you must give up when you make an economic choice or the …

Total Revenue, Average Revenue, and Marginal Revenue

Learning Objectives Concept of total revenue in Perfect Competition and monopol…

Decomposition of substitution and income effects into Price Effect for normal goods

In the figure, OX and OY are the X- an  d Y- Axes. X-axis measures good X and Y…

Cobb Douglas Production Function

Cobb Douglas Production Function is the special form of a production function t…

Relationship between Average Revenue, Marginal Revenue, and Elasticity of Demand

Learning Objectives Relationship between AR, MR, and Elasticity of Demand Graph…

Microeconomics: Learn through Videos

Videos are great ways to Learn. We have collected some most useful videos relat…

Microeconomics: Related Notes and Videos

BUDGET LINE, INDIFFERENCE CURVE, AND SUBSTITUTION EFFECT [slideshare id=5911720…