1. Using a diagram discuss the three stages of production. Explain why it is not technically efficient for producer to produce at stage 1 and 3

2. What are the main goals of price discrimination

3. What is price discrimination. Discuss the degrees of price discrimination

4. Discuss the condition necessary for price discrimination

5. Discuss the characteristics of the Oligopolistic market

6. Discuss the economic application of constrained optimization

7. Discuss the edge worth box as used as microeconomic concept

8. What is short run cost of consumption

9. Distinguish between the long run and short run periods of production

10. Consumptions bundle is a set of all combinations of inputs and outputs that comprise technically feable way to produce. Justify