Freshman Economics Unit 3

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#Freshman Economics Unit 3 #100 Exam Questions with Answers Tutorial in Amharic
#introductiontoeconomics Exam Questions with Answers Tutorial in Amharic
#What is the purpose of calculating Marginal Cost (MC)?
#introduction to Economics Unit 3 #100 Exam Questions with Answers Tutorial in Afan Oromo
#final exam on Freshman Economics
#What is the primary goal of a consumer when making purchasing decisions?
#What does a budget constraint reflect?
#What is the main assumption of the cardinal utility theory about consumer behavior?
#What do economists use to describe the satisfaction derived from consumption?
#According to the cardinal utility theory, what unit is used to measure utility?
#What is consumer theory primarily based on?
#What does a higher indifference curve in an indifference map indicate?
#How is total utility measured in ordinal utility theory?
#What happens to marginal utility according to the law of diminishing marginal utility?
#What does a budget line show in consumer theory?
#What is the concept of constant marginal utility of money?
#How is consumer equilibrium achieved with two or more goods?