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Econmics (final exam )today

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Course Content· Basic Concepts such as Opportunity Cost, Marginal Cost, Sunk Cost· Fallacies in Thinking· Positive/Normative Economics, The subfields of Economics· Production Possibilities Frontier· Comparative Advantage, Absolute Advantage and Trade· Consumer Choice and Utility Maximization· The theory of Firm and Production Decisions· Costs and Profit Maximization in the Short Run· Costs and Profit Maximization in the Long Run· Analysis of Perfect Competition· Analysis of Monopoly18/05/202015businessfinance