Microeconomics

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  1. Normal Profit

    An economic condition occurring when the difference between a firm’s total revenue ...
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  1. Economics Basics

    Learn economics principles such as the relationship of supply and demand, elasticity, ...
  2. Microeconomics

    This tutorial teaches the basics of one of the most important economic topics. A ...
  1. What is the utility function and how is it calculated?

    Learn what the utility function is in microeconomic theory and how it is calculated based on a functional form that represents ...
  2. What does marginal utility tell us about consumer choice?

    Learn how marginal utility influences consumer choice under the law of diminishing marginal utility and consumer decisions ...
  3. What is the difference between JIT (just in time) and CMI (customer managed inventory)?

    Understand the principles behind just-in-time inventory management and customer-managed inventory. Learn the difference between ...
  4. What are some examples of Apple and Google's best-selling product lines?

    Understand what a product line is and what it looks like in the technology industry. Learn about specific examples of technology ...
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