1.Use the curves to distinguish between S.E and I.E of price change of a giffen goods

2.Discuss the axiom consumer preferences

3.Discuss the shutdown rule of perfectly competitive firms

4.Distinguish between returns to scale and marginal rate of technical substitution

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

6.Distinguish between short run and long run periods of production

7.Define price discrimination. Discuss the monopolist degrees of price discrimination

8. discuss income effect and substitution effect of price change

9. What are the objectives of macroeconomy

10. Discuss the scope of macroeconomy