HKDSE Economics in Life 2

Chapter 6—Production and Costs Chapter 7—The Objectives and Expansion of Firms Chapter 8—Determination of Market Price Chapter 9—Changes in Market Prices Chapter 10—Price Elasticity of Demand and Supply Appendix 6.1—Inverted U-shaped marginal product curve Appendix 6.2—Cost curves in the short run Appendix 7.1—Graphical illustration of the profit-maximising output level Appendix 7.2—The short run supply curve of a firm Appendix 8.1—Money prices of two goods change by the same percentage Appendix 10.1—Calculating the point elasticity of demand