...Model This module is composed of two units. In the first one, Profit Maximization and Competitive Supply, we present a short but very useful introduction to mathematical concepts, namely the derivative technique, used in the economic field. Many examples will be given to clarify the concepts studied. Then, we will use this technique to calculate marginal cost, marginal revenue, and optimal output that will be produced by a competitive firm. . In Unit 2, The Analysis of Competitive Markets, we will study the welfare effects of a government policy by using consumer and producer surplus. Unit 1 Introduction In this Unit, we will learn a new mathematical technique. By using this technique, we calculate marginal cost, marginal revenue, and the optimal output the competitive firm will produce. Learning objectives Upon completion of this unit you should be able to: • define the derivative of basic functions; • use derivatives to calculate marginal revenue and marginal cost; and • use derivatives to calculate a competitive firm's supply function. Assigned reading/viewing/listening Microeconomics, Eighth Edition textbook and study guide – Chapters 8. How to proceed 1. Read the PowerPoint slides of Chapter 8 to get a brief idea about the chapter. 2. Read chapter 8 carefully. 3. Solve the provided problems on the textbook's companion website. 4. Solve exercises at the end of chapter 8 in your textbook. Key words and examples Derivation...
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...o Ranjhay majhiyan charayan baara saal Doli lay gaiay par khairhay aa kay naal Phar mirzay vi puchya sawaal ka sahba Dus kairi galon chali ye tu chaal Haal majnu da hoya bay haal o Sassi punnu di ki devaan men misaal o Waikho jairhay v zamaanay o naven ya puranay ishq walyan da hoya bura haal yooooo o sun lo o ishq bay parwah o ishq bay parwahahah o ishq bay parwah Jehra karda wafa tay onu milni saza o main kya o ishq bay parwah o ishq bay parwahahah o ishq bay parwah Dubh gayaan wich thalan day sassiyan ranjhay jogi hoiay Seenay wich jaagay jairhay aag ishq di o na sovay Akhiyan wich lay kay sapnay raatan nu jagraatay kerday Gaanday o geet hijar day her wailay o hokay parday Sokhi ay yaari laani laa kay phair nibhani okhi Jagh wairi ho jaiay saara taanay mainay dainday loki Wakhri ay reet zamanay ishq walyan laie banaie Laikhan wich aina day bus likhi yaaro kyoun judaie Ho jaavay ishq tay neender v udh jaaway Seenay chon saa dil darhkan ruk jaavay Laggay fana her dunya di than tay Akhiyan chon was was athru vi suk jaavay ho jaavay ishq tay duniya v pull jaavay saari jawani wich mityan day rull jaavay jaanay khda kis gal ton bhala ay ishq walyan nu kadi milay na wafa o ranjhay majhiyan charayan baara saal Doli lay gaiay par khairhay aa kay naal Phar mirzay vi puchya sawaal ka sahba Dus kairi galon chali ye tu chaal Haal majnu da hoya bay haal o sassi punnu di ki devaan men misaal o Wikho jairhay v zamaanay...
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