# Microeconomics

Imelearner has collected some of the most useful articles, notes, and related videos that might assist you in the further…

# Price Consumption Curve

Price Consumption Curve (PCC) can be defined as the locus of combination of different goods X and good Y so…

# Price and Output Determination in Perfect Competition

Learning ObjectivesPerfect Competition and Producer's Equilibrium TR - TC Approach MR - MC Approach Short Run Analysis of Perfectly Competitive…

# Price and Output Determination in Monopoly

Learning ObjectivesMonopoly and Producer's Equilibrium TR - TC Approach MR - MC Approach Short Run Analysis of Monopoly Firms Long Run…

# Opportunity Cost

Opportunity cost what you must give up when you make an economic choice or the cost incurred in giving something…

# Total Revenue, Average Revenue, and Marginal Revenue

Learning ObjectivesConcept of total revenue in Perfect Competition and monopoly Concept of average revenue in Perfect Competition and MonopolyConcept of…

# 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-axis measures good Y.…

# Cobb Douglas Production Function

Learning ObjectivesCobb-Douglas Production Function:Meaning Properties of C-D Production functionCobb Douglas Production Function is the special form of production function that…

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

Learning ObjectivesRelationship between AR, MR, and Elasticity of Demand Graphical DerivationDerivation through Calculus When, Elasticity (e) = -1, MR =…

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