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Q.1. Explain with the help of suitable examples / graph the following:
a. 'Production Possibility Curve'
b. The concept of 'Opportunity Cost'
c. Distinguish between 'Quantity Demanded' and 'Demand Schedule'
Q.2. In present scenario, the importance of microeconomics is increasing day by day, in your Opinion, what are the three ways that we can use macroeconomic analysis.
Verified Expert
The assignment is based on the economical concepts of both microeconomics as well as macroeconomics. The first question deals with the concepts of opportunity cost as well as production possibility curve. It also contains the difference between the different concepts of quantity demanded and demand schedule. the second question analyses the uses of macroeconomics in the real world.
The attached solution is very complex and your expert did it in no time and in exact as per the required by the university.
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