MARKET STRUCTURES

So on  the recent Monday , the class has ventured to the last topic of Microeconomics which is  Market Structures. We had go trough initial subtopic in the market structure to have better acknowledgement in the particular field. Market structure Definition:  Market is a place where the buyers and sellers meet one another to transact business . Market also be defined as an arrangement that facilitates the buying and selling...

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PRODUCTION AND COST PART II

Wednesday, 2 March 2016. On the second day of learning this topic, he give us a objectives that we need to know when we study this topic.  Law of Diminishing Marginal Returns The law of diminishing marginal returns is the law of economics stating that, as the number of new employees increases, the marginal product of an additional employee will at some point be less than the marginal product of the previous employee. It also can be explained...

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PRODUCTION AND COST

During 29thFeb, Sir Amir have teach us a new topic, which is Production and Cost. On the first day of learning this topic, he give us a really interesting and objectives that we need to know when we study this topic. During that day, we studied the definition of production, short run and long run production and also, the types of production.  Definition of Production Process of using the factors of production process or services Transformation...

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