Under this category you will found the base level economics, that is, we will learn economics from an individual point of you. You will find beginners topics related to demand, supply, forms of markets and so on.

Showing 43 results for "Microeconomics"

Change in quantity supplied & Change in supply

Changes in quantity supplied and movement along the supply curve are the same. Changes in supply and shift in supply are the same. These concepts are about the supply curve.…

The law of supply and its determinants

The law of supply and its determinants plays an important role for the producer. Remember, now you think of yourself as a producer and not a consumer. Think as if…

The Supply Curve

The way we have done the demand related concepts, in the same way, we will be discussing the supply related concepts. In this post, we will just focus on the…

Average Total Cost

Average total cost in economics plays an important role in understanding how the firm cost of production falls over a period. Average total cost comprises of average fixed cost and…

The Relation Between TC, TVC & TFC

Hi, today I will explain the relation between TC, TVC & TFC. It will be highly beneficial if you read my post on Total cost, Total variable cost, and total…

Total Cost, Total Fixed Cost, and Total Variable Cost

To understand the concept of the total cost, total fixed cost, and total variable cost, we will start with the meaning of cost, cost of production, and so on. I…

The Law of Diminishing Returns to a Factor

This law is important to understand the contribution made by different factors of production in the production process. To understand this law, you must revise production function and terms related…

Worksheet on The Theory of Consumer Behavior

This worksheet is related to the below-mentioned topics on consumer behavior, make sure you have revised each of them before attempting the worksheet: Theory of Consumer BehaviorWhat is Cardinal Utility…

Terms related to Production Concept

It is important to study the terms related to production concept because they help us in understanding the contribution of different factors of production. Terms related to production concept include…

What is production function?

What is the Production Function?

We studied consumer behavior, demand, and also saw the relationship between price and quantity demanded. Now, we will level up a little bit and look at the producer behavior. In…

Learn with Anjali started because there wasn't an easy-to-consume resource to help students with their studies. Anjali is on single-minded mission to make you successful!

If you would like to suggest topics, leave feedback or share your story, please leave a message.

Leave a message