explain the types of microeconomics
The further the Isoquant is from the origin, the greater will be the level of output (i.e a higher isoquant represent a higher level of output) Two Isoquants can never intersect each other Isoquants always slopes downward
law of diminishing returns
Who is the father of microeconomics?
Advantages of microeconomics ?
explain the types of microeconomics
macroeconomics and microeconomics
The further the Isoquant is from the origin, the greater will be the level of output (i.e a higher isoquant represent a higher level of output) Two Isoquants can never intersect each other Isoquants always slopes downward
law of diminishing returns
Who is the father of microeconomics?
Advantages of microeconomics ?
ridge lines is the combination of isoquants
diminshing marginal rate of substitution between factors
what are the microeconomics problems in philippines
Microeconomics refers to a small, localized economy.
microeconomics im not sure why
difference in methodology for microeconomics and macroeconomics?