This class was created by Brainscape user Jenna Bryant. Visit their profile to learn more about the creator.
By:
Jenna Bryant
- decks
- flashcards
- learners
Decks in this class (25)
An Economist's View of Cost and Profit 7.1-1-Jenna Bryant
What type of profit uses only exp...,
What type of profit calculates op...,
What are sunk costs
12
cards
Production in the Short Run 7.2-1-Jenna Bryant
What is output,
What is another name for output,
What are resources that a firm us...
12
cards
Production in the Short Run 7.2-2-Jenna Bryant
What is the total product tp curve,
What is marginal product mp of labor,
On the total product curve as lab...
15
cards
Production in the Short Run 7.2-3-Jenna Bryant
Where does the marginal product c...,
What is the marginal product curve,
What happens to the marginal prod...
12
cards
Production in the Short Run 7.2-4-Jenna Bryant
What is average product,
What is another name for average ...,
What is the formula for average p...
12
cards
Short-Run Costs 7.3-1-Marie Smith
What are the costs of production,
What are variable costs,
What are the two things you need ...
12
cards
Short-Run Costs 7.3-2- Marie Smith
What will the variable cost curve...,
On a two dimensional graph variab...,
What will be on the horizontal ax...
12
cards
Short-Run Costs 7.3-3- Marie Smith
What is the marginal cost of prod...,
Define marginal cost mathematically,
How do you find the change in tot...
12
cards
Short-Run Costs 7.3-4- MarieSmith
Marginal cost curve is a mirror i...,
When graphing the marginal cost c...,
What goes on the horizontal axis ...
14
cards
Short-Run Costs 7.3-5- Marie Smith
Marginal product is the extra out...,
What is the input that can be cha...,
What is marginal cost
13
cards
Short-Run Costs 7.3-6 Hunter Parrott
Average variable cost,
Avc calculation,
Does avc determine if the output ...
12
cards
Short-Run Costs 7.3-7 Hunter Parrott
What is mc,
When mc is below ___ mc pulls the...,
When mc is ______ avc mc is pushi...
12
cards
Short-Run-Costs 7.3-8 Hunter Parrott
______ ____ is a brief period of ...,
_____ _____ are inputs in the pro...,
Machinery and factories are examp...
14
cards
Short-Run Costs 7.3-9 Hunter Parrott
Atc,
If tc is not available use this f...,
Tp 2 tc 11 000 atc
12
cards
Short-Run Costs 7.3-10 Hunter Parrott
The average cost curves summarize...,
The _____ curves are mirror image...,
The important average cost curves...
15
cards
Production and Cost in the Long-Run 7.4-1
In the long run,
How does the long run differ from...,
There are 2 decision that a firm ...
12
cards
Total Revenue 8.2-1
What is total revenue,
Curve of a total revenue graph,
Total revenue curve shows you
12
cards
Perfectly Competitive Market 8.1-1
What is market power,
What is one way you know that a f...,
What is the second way you know t...
13
cards
Short-Run Profit Maximization 8.3-2
The rule for profit maximization,
What happens when marginal cost i...,
What happens after marginal cost ...
13
cards
Short-Run Profit Maximization 8.3-3
Maximizing profits,
What is profit,
What is profit per unit
12
cards
Short Run Costs 7.3-8 ~ Benjamin Rainwater
The short run is,
Fixed inputs are,
Variable inputs are
12
cards
Short Run Costs 7.3-1&2 ~ Benjamin Rainwater
Variable costs vc are,
To calculate the variable costs v...,
To calculate the variable costs v...
12
cards
Short Run Costs 7.3-11 ~ Benjamin Rainwater
An increase in the price of the v...,
When variable price increases do ...,
An increase in the price of the f...
12
cards
Production and Costs in the Long Run 7.4-1 ~ Benjamin Rainwater
The long run is,
A capital intensive technology is,
A labor intensive technology is
12
cards
Production and Costs in the Long Run 7.4-2&3 ~ Benjamin Rainwater
If a firm s output increases by t...,
If a firm s output increases by a...,
If a firm s output increases by l...
12
cards
More about
Econ 2106 Exam 2
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Jenna Bryant's Econ 2106 Exam 2 flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
exam 2
- 19 decks
- 758 flashcards
- 1 learners
Decks:
Micro 8 Virus De La Diarrhee, Micro 8 Picornavirus, Micro 8 Adenovirus, And more!
Econ Higher
- 23 decks
- 1205 flashcards
- 22 learners
Decks:
What Is Economics, Limited Resources Unlimited Wants, The Price System And Economic Problem, And more!
CPR II Exam 2
- 23 decks
- 1220 flashcards
- 22 learners
Decks:
Chapter 15 The Lung Pleura, Chapter 15 Pneumonia In Immunosuppressed, Chapter 15 Pulmonary Infections, And more!
RACP Written Exam
- 22 decks
- 956 flashcards
- 148 learners
Decks:
Haematology, Statistics, Monoclonal Antibodies Novel Therapy, And more!
