2nd monthly test formulas Flashcards

1
Q

Demand function

A

Qd = a - b (P)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

a

A

impossible demand

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

b

A

interval

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

P

A

presyo

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Marginal Cost

A

TC2 - TC1 / Q2 - Q1

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Y

A

TR - TC

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

TR

A

Q x P

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Marginal Revenue

A

TR2 - TR1 / Q2 - Q1

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

P

A

a - Qd / b

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Ep formula

A

Q2 - Q1
________
Q1 + Q2
________
2

P2 - P1
________
P1 + P2
________
2

How well did you know this?
1
Not at all
2
3
4
5
Perfectly