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  • 2101183-Vivek Solanki BE (A-1)

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    vivek singh
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    The document discusses several microeconomics concepts in 3-5 sentences each: 1. Microeconomics analyzes individual consumer behavior and demand, as well as individual producer behavior and supply. It helps determine the optimal price of land, labor, capital and profits. 2. The law of diminishing marginal utility explains that as a person consumes more of a product, the satisfaction or utility they derive from each additional unit decreases. 3. The short run relates to a period where output can be changed by varying variable factors, like using more labor for a given capital stock. The long run relates to a period where all factors of production can be changed.

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    2101183-vivek solanki BE(A-1)

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    The document discusses several microeconomics concepts in 3-5 sentences each: 1. Microeconomics analyzes individual consumer behavior and demand, as well as individual producer behavior and supply. It helps determine the optimal price of land, labor, capital and profits. 2. The law of diminishing marginal utility explains that as a person consumes more of a product, the satisfaction or utility they derive from each additional unit decreases. 3. The short run relates to a period where output can be changed by varying variable factors, like using more labor for a given capital stock. The long run relates to a period where all factors of production can be changed.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    8 views2 pages

    2101183-Vivek Solanki BE (A-1)

    Uploaded by

    vivek singh
    The document discusses several microeconomics concepts in 3-5 sentences each: 1. Microeconomics analyzes individual consumer behavior and demand, as well as individual producer behavior and supply. It helps determine the optimal price of land, labor, capital and profits. 2. The law of diminishing marginal utility explains that as a person consumes more of a product, the satisfaction or utility they derive from each additional unit decreases. 3. The short run relates to a period where output can be changed by varying variable factors, like using more labor for a given capital stock. The long run relates to a period where all factors of production can be changed.

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    © All Rights Reserved
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    of 2

    ViveR Solani

    2101183
    Date Page nox

    Assignment
    Bubind ecanomics
    Q1 (Ansuie 1)
    Hns-l MiczoecoromicSs ConceAnec_wh demand
    analysisi indiuidual ConsumeAbehawiouue
    a Supply analyisi.e individlual pradutet
    behauiox microeconamics
    helps indekeimining .
    the ackoY price oY land,labaue, capital
    Lenteeprise n the arm aKent, wage
    &intcstk pxolitrespetkivelyd
    C0-2 n s u eaa-2)

    Ans3 The lau a_diminishing matginal_uiltu


    e x p l a i n s 0 that a peraan consumÉA
    an tem ox apraducthe Satislicahon_
    ar ufiity that they _clettve ram thhemore.
    product/uwantb ad theu cansume
    mareuäliks athe racluct Aor eq
    an induviclual miqhibuy qceetuh lype
    hacolate ar q while

    -3 (PmSweE a (-Z3
    in uwhin-
    Hns-38hoyt run2 relateb to a pekiod
    Oukput_can bechamed hy _thanging nly
    Vakiableactoxs fo
    i a_TocluLce udant
    oY exanmpe *
    Pncease cuket ip thelshott un then
    obiclive_can be athiued hy usin0 mare
    this
    Date Page no

    a lxauw mateialb & incxecLbing_numbet


    VQ woxke uith_tho euistygacka
    buikdingplant equuiprment, U

    Long yun relees to a pLtLOd in whkh


    Oukpuut Can he changed _by Chanqing
    alllactoxs alpradrebian.
    Exanpe a_pelihd g _la yeakh_may be
    industy
    Shout un peklodbra stek inclustey
    Lwhilea periadlg ome yeae masbt
    rasluce
    a lonq-un piadlo _Uhcat
    -H (Onsust a - 4

    Ans-uoliygopols atises when a mall numb


    latge irm haue alloY mast a
    the etus fn an industxu g
    oligopaly a b a u n e l R i n c l u o l h i a k o

    indubta Labletu4 Cammctcial auY


    tnavel

    -5 lAnuee Q0-5_

    Ans-5h its Simplest oxm, the breala euen


    chattis te al araphical xepMhentaki0
    a cokt at ualious lewel aackiuiky
    houwn On_the Aame Lhak o yazid
    income uwith he Same vaticLtion in
    achuity 0 repxehents the toteul igeed
    Cost Cost in thi besines

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