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zoe johnston
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Decks in this class (10)
Topic 2
What is the law of demand,
What is the marginal benefit curve,
Movements along demand curve what...
24
cards
Topic 3
Define elasticity and write the f...,
Explain elastic demand,
Explain inelastic demand
15
cards
Topic 4
What are the 3 types of governmen...,
What is a price floor and what ar...,
What is a price ceiling and what ...
10
cards
Topic 5
When does market failure occur,
When does government failure occr,
What is the public interest view
23
cards
Topic 6
What is the formula for profittot...,
Define technology,
What is the production function a...
12
cards
Topic 7
Explain the slope of the mc curve,
What is the shape of the atc and ...,
What does a more competitive mark...
13
cards
Topic 8
What are the 3 characteristics of...,
What are the 4 types of barriers ...,
How do monopolists increase product
13
cards
Topic 9
What are the characteristics of a...,
What is teh relationship between ...,
What are the profit possibilities...
13
cards
Topic 10
What are the 3 characteristics of...,
Wht are economies of scale and ho...,
Define game theory
12
cards
Topic 11
Define utilty,
What are a few assumptions of tra...,
What is diminishing marginal util...
12
cards
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ECON1101
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