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25 - economics 5 on budget-indifference analysis asked to...

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25% on Monopoly and Monopolistic Competition 18% on demand and supply shifts, market diagram (equilibrium, shortage & surplus), elasticities 15 % of the test will be on Oligopoly 15% on Perfect Competition 10% on basics (opportunity cost, comparative advantage, scarcity, normative & positive
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Unformatted text preview: economics) 5% on budget-indifference analysis asked to derive information (i.e., identify the profit maximization price, output , total cost, total variable cost, shut down point etc.). There are some simple calculation (elasticities, profits, costs, consumer surplus etc)....
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