Economics Assignment Questions
Instruction: Provide an explanation of each of the following question
1. Define Producer’s Equilibrium?
2. What do you mean by Opportunity Cost?
3. Why Short Run Average Cost Curve is U-Curve shaped?
4. Examine the relationship between AC and MC?
5. Write a short note on Iso-quant and Iso-cost?
6. Discuss briefly the concept of Total, Average and Marginal Revenue?
7. What do you mean by Monopoly?
8. Explain Pure and Perfect Competition?
9. Highly characteristic feature of Monopolistic Competition?