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0% found this document useful (0 votes)
17 views28 pagesEconomics PDF
Economics pdf . download check it's a c m c c m c m hi h kya hua hai abhi to kuch nahi vo mujhe bhi like that I have to invest in money .
Uploaded by
sp22386spCopyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
/ 28
Scien which studfe
|bumon behavious as a lationship betiween
ancl enc
I
3. define ty 2
S| Seoxciity ts +o a situation when cemand tr
usces im. than pply—of —sesouxc
4. define econom' _p2obl m2
Sly ° Ei 5 e
| sot tefactfon ib _uniimited wants nut of limited
Lee SOUxC: ha. fing. ottesnoth uses
5 lity does economic pzoblem asise 2
I OR.
What oe -the season fox economic psoblem to
]
axise ?
Thexe ove pain Feasons fox onomic
| pxnbler to * arise & + > Human Wants axe nevex ending that 1s —
connot be Fully Satistied, as so =
one wiant satisfied anothex Nein iand Emeygese
Wants of the penpl axe unlimited and Reeps—
lon multiplying and Conant be sat caAe
r Iimited —x«esouxces =
. > Respumces that is land, label, capital and
entexpseneus (im tked ‘in lation +o +theie
demands and _econ copnot produ, alt
wionld people want. Tt is/+the basi
fox existence of econdmy. “Thexe wv
pn problem i /resouxces wee not scarce:
z= n S 1
be put to vovious uses. Th maki choice Among
ssesnuxces moxe impon-tal
te @.
$~ _Petunl is used not only fn mevtwoles =
but also “in _unning rmachin
Asa + ke hot malt
= Radividual form, on asa wihple
$ndividual household , an
individual nsumex ,o
fndividual prac ct
Micuoeconomic is bosicatl| Macxe economic i: basi,
ned with detexrmind| concesned with decemmina
tion of fncome and
+e oof pxize in the —
mplayment and newal
rag
ket-
Si level, tn thi ondmg
pai
a. whole
He
has been“ cexived from
‘Miko:
It has been dewived -Fsom
‘| the greek wowed £ Mok-xns*
tha\_gucée oxd
meaning _laxge-
|meantog ae
Dthe fs ol Rpown 2 Tt is at now
hia A TReoxy of Pot 2 of @ncome and
—Tho The tools used tes [The +nols used ane Page No.
Bae
api tal) and
Moxe capital
ha op decide
hould be p
capital
duced _b
Q__ Commodi t:
and
stechniapve
ad _lecs labour). An economy
intensive
og
laboux
using
fntensive
ensive echnig
FOR. Lidl
TD PRODUC.
This pwoblem xelates tn selection of category of
people whp i? ‘imate! onsum he 00d
ppocx and less wich ox moxe ich ond le o the maximum possible _extent-
NITY COST
the cost of next best
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TaltexnatWve “FORGONE. =
ha
ed,
S 20, 00. bs
pne laptop and One LCD tv. iitth 20,000 fn hand
an
Hoping. then, Oppoxtunity cost choos laptop ‘is _+the
| cost of FOREGONE —sotis faction fom LCD t-v-
an {Ta Qnothex woxds the cost of g
sexvires 1huct be sacxiticed tn obtain _moxeof
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7 | es a
{ w od 15 allied opportunity cost of thot
ee
he good and
* | PROD 0 PO Bis. R
PRODUCTION POS: IBLIT FRONTIER (PPE)
tee fsa xye Which OlWs a possible combinati
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he use of xesouxco and ~technola gy In _ On
OhOm
q K
ss I
x kk
Leis “Ff D
> HS > ero
xesources 4 Actuol output &
a 2. FaeSonge ———— 2 Octual output is les an__potential Outpab-
[Any point ( Syd eb of Output oF : good 1_tying—
Pepnuse —scesouxces ol
id pxioy to +that-
dy
d
Te
a7
:
et
PBC
[ > ,
|
hexe fs leftward shift in __ppc_then thexe 1s = 2
f: ws
exvices to satisfy his wants
ol op
° ° rs y eo a
ss ¢
uch
and__he feels No uxge
CIhexe a: bin Opproach to plain the
Wenncumex = eautfithxtum $=
sit a ( °
|| sndiffexence Cur Appxaach _C_Ozdinal__Ap,
of =
Spell fey _Tt wefers to want Is-fyit powiex_of
commodity —o: ft —,efexs A f fc
nie. 2
0 3 Mosc? Util? ¢ . t 7
2 Utility
Tt fis the tntal amount 0 atisfaction derived
fx0m the sumption of he units of 4
commadii:y
2» than becomes m
negative (-ve), TU fait
10
iP 8 jt 10+ 8 =18
ee S le+6= ayo |
peek hon 8 Soe eee iB
Lops O72 a6+O= ae |]
C1te ae 2
|
(i
69s 2a a
RES | ace = law of DMU end
i ze
OMER EOUTITRRTUM “THROUGH urriTTyY
ROACH N AS 0 L_COM MO 07 yee
eqyetl bstum
At is_a_si-tvation undes which a
i
{ _
/
L Ons.umex spends,
hf gi ehincome tn ~ schase of goods (ox combination fa.
WW rue commodities
x
ee Py
Spal Utility oF a fommad it = Pte, of.
inal __¢ ity of a 1 ppec. Pomrondity
|
—F Tmaagin 1 oility fn texms of mon a bould be
equal tp pice of th. ommadity.
BMV rou petal eth =the sumption OF esst
|| units. sa
i ——
Mgrs Ga] Mua Cutie) Paice (=| PMU | MU
ees MU
| ale wl 2-5
ete en One | Zt 4 al
Ne ee Ea hat 9) 4 a 2
i 3 é 2 4: a
4 4 = (ee
oi 2 ey (| eee
ce ® ea Yi [eae
i Bier ot ol y [|e = ros consumption of on good,—he_necce asi fy waft brave
(to _saczitice Some ajuontity of othex —gand.
[
fin eaver tn origin 2 Th means that the slopecae One
fends tn decline» “The singe of tO decline because
[the sorte at which th: um. substitute one J
commu ty -fox__othex -tends to. decline.
pandsnce
Z
[Cdnes not touch y-axis oy y-axis 2° St $s because
COnsidexed the Consumption of two goods. Te Tc = ic _pxeffesen| onsUmex _pre-ffexen axe
called monotonic when between +wo bondiles of two
goods, -the consam: pueffexs the bundle tuhich ha
one __gand and no less of othex geod:
_ Fox example ~ tia bundles a (49,1), (9,15) then onsumer
hatbxally. -go fos second bundle
AINE
t gaed OAs | possi blall Go bina Hoaa % Budget
a
a
a
;
aa
ip
refers +,
oll
the attainable Combinatin |
°
Of two goods that a consumex can afta ial |
buy with in his piven foanmel
Fux + fyXx y Spee t
EE ney tncone ]
|
is Ne, ie %
oo = toh an
{incom e :
t ee “Ciaoh “x
the budg: po
lAccoxding +t e abov _dfagaam MN fs
d
point &
fc ‘noli-tfi rey cuxnve ond
| \e. +
[ine ond TC
| eas Nibws tum. Tt i.
IShowws cOonsumexs
at ofat b 4 )
than the poipt- “ob which it touch
| Wes ont lowex —C and —h
inte siex Sandie. On the othex hand, bundle:
Ile: inted hb: the point on the TC which \fes
Above the point € on TCs. Cox oxe not
fi, evel howto hy elation between diffexent
of 0 Pty -tn b purchased Aifferen
Puices of that ormmo diy
demand _
