Final Edited Micro Final Project PPT
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Transcript of 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
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-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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