Final Edited Micro Final Project PPT

7/28/2019 Final Edited Micro Final Project PPT

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Muhammad Afzal

M.Tabassum Sultan

Mian M.Tahir Khalil

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Thanks to Almighty Allah, Who gave us the strength

to accomplish this Project.

Thanks to Respected Prof. Taseer Salahuddin for her

hard work throughout the semester.

Due to her hard work, we are able to complete this

Project Poem3


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PoemOn

Marginal Utility

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A man is known for his abilityA land is known for its fertility

A laptop is known for its mobilityEconomics is known for Marginal Utility

You will gain some utility if you eat a pack of PeanutMarginal Utility is a consumption of an additional unit

If other factors will remain freezeTotal Utility will Increase

Marginal Utility will Decrease

Let me explain you more my dear friendsGraph of Marginal Utility have Downward Trends

Desire of a person has no endsGraph of Total Utility have upward Trends

By reading Books your Knowledge will updateTU increasing at declining rateIf you learn more, please wait

Now Mian Tahir will further elaborate

Law of DMU have some assumptionsUnits of Commodity have some consumptions

If the commodity change during functionIts will become cause of Law Rejection 5


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A man is known for his abilityA Land is known for its fertility

A laptop is known for its mobilityEconomics is known for Marginal Utility

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You will gain some utility if you eat a pack of Peanut

Marginal Utility is a consumption of an additional unit

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If other factors will remain freeze

Total Utility will Increase

Marginal Utility will Decrease

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Units Total Utility Marginal Utility

0 0 0

1 10 10

2 15 5

3 15 0

4 10 -5


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Let me explain you more my dear friends

Graph of Marginal Utility have Downward Trends

9

-6

-4

-2

0

24

6

8

10

12

1 2 3 4 5Marginal

Utility

MU Downwards


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Desire of a person has no ends

Graph of Total Utility have upward Trends

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Total Utility, 10

0

5

10

15

20

1 2 3 4 5

AxisTitle

Total Utility


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By reading Books your Knowledge will update

TU increasing at declining rate

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Total Utility, 10

0

5

10

15

20

1 2 3 4 5

AxisTitle

Total Utility


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If you learn more, please wait

Now Mian Tahir will further elaborate

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Law of MU has some assumptions

Units of Commodity have same consumptions

Continuous UseSame Quantity & Size

Reasonable Size

No change in Income & Taste 13


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If the commodity change during function

Its will become cause of Law Rejection

Desire of Money

Utility of KnowledgeHobby Fashion

Fashion

Use of Narcotics 14


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Units Total

Utility

Marginal

Utility

0 0 0

1 10 10

2 15 5

3 15 0

4 10 -5 16


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MU

Total Utility, 10

-10

-5

0

5

10

15

20

1 2 3 4 5

MU&TU


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Im happy that youre our teacher;I enjoy each class you teach.

As our role model you inspire usTo dream and to work and to reach.

Its Prof. Taseer whos patient, even in stress.Who never gives less than the very best!Not that We were the perfect students,But you were the perfect teacher for us!

You help us fulfill our potential;We shall thankful for all that youve done.

We admire you each day, and We just want to say,As a teacher, youre number one! 18


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Im happy that youre my teacher;I enjoy each lec you teach.

As my role model you inspire me

To dream and to work and to reach.

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Its Prof. Taseer whos patient, even in stress.

Who never gives less than the very best!

Not that I was the perfect student,But you were the perfect teacher for me!

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You help me fulfill my potential;Im thankful for all that youve done.

I admire you each day, and I just want to say,

As a teacher, youre number one!

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Any Questions ???

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Documents

Final Edited Micro Final Project PPT