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Year 2 content: micro

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

By: Labibah Boshor
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Decks in this class (7)

1) law of diminishing returns
What does the law of diminishing ...,
What is the short run,
What is the law of diminishing re...
9  cards
2) fixed and variable costs
When do we have the short run,
When do we have the long run,
What are the two types of costs
12  cards
3) marginal and average cost curves
How do you figure out average costs,
How do you fig,
Ure out marginal costs
4  cards
lesson 1 - recap
What can increase occupational mo...,
Which function of money allows pe...,
The demand curve for a normal goo...
10  cards
lesson 2 - business growth
What are the two reasons why larg...,
What,
What is an economies of scale
37  cards
lesson 3 - theory of the firms: costs
What are fixed costs,
What is variable costs,
How do you figure out total costs
26  cards
lesson 4 - theory of the firm: revenues
What s the equation for revenue,
What s the equation for profit,
What is the l shaped lrac curve a...
13  cards

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Year 2 content: micro

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