Micro Economics -(QUESTIONS AND ANSWERS GUIDE) (According to the National Education Policy-2020 U.G.C- C.B.C.S Syllabus as Prescribed.)

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Micro Economics – , By – Dr. M.L. Seth, ISBN Code – 978-81-89770-86-0

CONTENTS :

Chapters

PART I

Scope and Methodology of Economics

Nature and Scope of Economics
Approaches to Economic Analysis
Methodology of Economics
Fundamental Problems of an Economy

PART II

The Theory of Consumer’s Behaviour

Theory of Consumer’s Behaviour—Utility Analysis of Demand
Theory of Consumer’s Behaviour—Indifference Curve Analysis and Revealed Preference Theorem
Elasticity of Demand and Supply
Consumer’s Surplus

PART III

Theory of Production

Factors of Production
Theories of Population
Scale of Production
Types of Business Organization
Laws of Returns and Returns to Scale
Production Function

PART IV

Theory of Product Pricing

Revenue Curves of the Firm
Cost Curves of the Firm
Market Situations
Pricing under Perfect Competition
Pricing under Monopoly
Pricing under Imperfect Competition
Pricing under Oligopoly

PART V

Theory of Factor Pricing

General Theory of Distribution
Wages
Rent
Interest
Profit

PART VI

Economics of Welfare

Welfare Economics

Objective Type Questions and Answers

Short Questions

“Dear Sir/Madam, I have found books, published by Lakshmi Narain Agarwal quite appropriate in disseminating knowledge to students. I wish great success to publisher. Looking forward to see more good books from your side.”

Anupma · Assistant ProfessorDepartment of English, Jammu

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