This class was created by Brainscape user trey wilhoit. Visit their profile to learn more about the creator.

Decks in this class (14)

CH 2
What factos affect how much of a ...,
Law of demand 2,
Substitute 3
11  cards
CH 3
Elasticity 1,
Price elasticity of demand 2,
Formula for price elasticity of d...
18  cards
ch4
As the price of a good rises the ...,
When the price of a good changes ...,
When the price of a good changes ...
13  cards
Ch 7
Which of the following statements...,
Suppose the total cost of produci...,
Suppose the short run production ...
16  cards
Ch 8
Economists define a market to be ...,
A market s structure is described...,
Firms that exhibit price taking b...
34  cards
ch 9
A firm that generates zero econom...,
Which of the following characteri...,
What is one reason firms might lo...
19  cards
ch 10
General equilibrium analysis is t...,
As opposed to general equilibrium...,
If two or more markets are closel...
30  cards
ch 11
For a monopoly marginal revenue i...,
For a monopoly marginal revenue i...,
Marginal revenue is a the increas...
32  cards
CH 13 FINAL
Perfect competition and monopolis...,
A competitive market structure di...,
Monopolistic competition and mono...
39  cards
CH 14 FINAL
Which of the following is a simul...,
In a two player simultaneous game...,
A mixed strategy may a be part of...
19  cards
CH 17 FINAL
Your friend dimitre tells you tha...,
Expected value represents 2,
On any given day a salesman can e...
27  cards
CH 18 FINAL
Positive externalities are create...,
Consider a housing development bu...,
If a production process creates p...
19  cards
CH 19 FINAL
Adverse selection can occur when 1,
In the automobile insurance marke...,
If reckless drivers are more like...
25  cards
Short Answer FINAL
Suppose the market demand functio...,
Consider a market where the inver...,
Suppose you are selling kites on ...
14  cards

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Econ 2024

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