Principles Of Microeconomics Notes For Class Test
Found 3 free book(s)PRINCIPLES OF MICROECONOMICS NOTES [For Class Test 1]
michaelcornish.orgPRINCIPLES OF MICROECONOMICS, UPNG, SEMESTER 1, 2016 MRP L > w The firm should hire more workers to increase profits MRP L < w The firm should hire fewer workers to increase profits MRP L = w The is hiring the optimal number of workers and is maximising profits Shifts in demand for labour are caused by: • Changes in human capital ...
INTRODUCTION TO MICROECONOMICS
www.pfw.eduLecture Notes 1. Economics Defined - Economics is the study of the ALLOCATION of SCARCE resources to meet UNLIMITED human wants. a. Microeconomics - is concerned with decision-making by individual economic agents such as firms and consumers. (Subject matter of this course) b. Macroeconomics - is concerned with the aggregate performance of the
I. Introduction to Economics
jasonleeucdavis.weebly.comLecture Notes #1 I. Introduction to Economics Economics is defined as the study of how individuals and society choose to use scarce resources. In essence, economics is a study on how individuals make choices. There are two branches of economics: (1) Microeconomics and (2) Macroeconomics