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Econ 101 > Equations > Flashcards

Equations Flashcards

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1
Q

P

A

TR-TC

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2
Q

TR

A

PxQ

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3
Q

Economic Profit

A

TR-OC

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4
Q

Marginal Revenue

A

Change in TR/Q

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5
Q

Marginal Cost

A

Change TC/ Change in quantity

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6
Q

ATC

A

TC/Q

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7
Q

AR

A

TR/Q

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Econ 101 (2 decks)

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