Y1 - Microeconomics

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Tasks

Task 4

Maastricht University · Economics and Business Economics

Y1 - Microeconomics

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Learning Goals
distinction short-run and long-run
APL, ZPL and APL
law of diminishing marginal returns
relationship maximal average productivity and marginal productivity
isoquant
constant, increasing and decreasing returns to scale
returns to scale Steinway & Sons
similarities between consumer theory & producer theory
marginal rate of technical substitution MRTS
Task 4
question a
question b

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