Assignment Task
Task
1. What is meant by opportunity cost principle?
2. Explain the point of elasticity method.
3. Draw a indifference curve.
4. Write a note on the law of increasing returns.
5. What is an iso-quant-curve?
6. Indicate the main features of the LAC curve.
7. What do you mean by the term “market” in economics?
8. Define National Income.
9. Define the term ‘Macro Economics’.
10. What is propensity to consume?
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