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Q1. Illustrate the three fundamental problems of resource allocation in a society.

Q2. Describe the idea of optimization.

Q3. Describe the problem of scarcity and choice.

Q4. Illustrate the idea of business decision making.

Q5. Illustrate the fundamental dilemma among resources and wants.

Q6. describe how does the idea of opportunity cost occur?

Q7. What do you mean by PPC? Illustrate its importance?

Q8. Illustrate the circular flow of income with respect to product and factor markets.

Q9. Describe the responsibility of price method.

Q10. Illustrate the properties of the PPC.

Q11. State the different aims of the firm.

Q12. What do you mean by opportunity cost?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M912385

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