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Hena Malik
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Decks in this class (14)
3.3.1 - REVENUE
3.3.1 - REVENUE
14
cards
3.3.2 - COSTS
What are fixed costs,
What are variable costs,
What is the short run
25
cards
3.3.3 - ECONOMIES & DISECONOMIES OF SCALE
What are economies of scale,
How is the lrac curve formed,
What are internal economies of scale
14
cards
3.3.4 - NORMAL, SUPERNORMAL PROFITS AND LOSSES
Whats are profits,
What are total costs,
What are explicit costs
10
cards
3.4.7 - Contestability
What is a contestable market,
What are the characteristics of a...,
What are perfectly contestable ma...
9
cards
3.4.2 - PERFECT COMPETITION
Define a perfectly competitive ma...,
Efficiencies in perfect competition,
Rest of the spec
3
cards
3.4.1 - EFFICIENCIES
Define efficiency,
What is allocative efficiency,
How can firms become more allocat...
9
cards
Monopoly
Characteristics of a monopoly,
What type of demand curve does a ...,
Why do monopolies make snp s in t...
18
cards
Monopolistic competition
What are monopolistically competi...,
What happens to monopolistically ...,
How efficient are monopolisticall...
4
cards
1.1
What would happen to the ppf if s...,
What are capital goods and what a...,
What causes an outwards shift in ...
18
cards
1.2
Defien demand,
What is the underlying assumption...,
What is the law of diminishing ma...
26
cards
1.3
What is mpb,
What is mpc,
What are private costs and what a...
17
cards
1.4
How does the government applying ...,
What are some evaluation points f...,
How does the gov intervene and us...
11
cards
Labour markets
What is demand and supply in a la...,
What is the axis for a labour mar...,
What is the effect of a non equil...
39
cards
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MICRO
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