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ravjot bains
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Decks in this class (14)
production
4 factors of production,
Patterns of production,
What determines production
14
cards
ch 2
What is a model,
Why use models,
Ppf
16
cards
ch3
A competitive market has,
What is the supply and demand mod...,
Five key elements of the supply a...
36
cards
ch 4
Willingness to pay,
Individual consumer surplus,
What happens to the quantity dema...
26
cards
ch 5
Why governments control prices,
What are price controls,
Price ceiling
16
cards
stuff i dont really know
Independent variables,
Dependent variable,
Independent supply curve
12
cards
Elasticity
What is price elasticity of demand,
Price elastic of demand formula,
What happens when the price of a ...
20
cards
national income
Nominal income,
Nominal equation,
Real increase in national income gdp
7
cards
rational consumer
What do consumers want,
What is utility,
Marginal utility
18
cards
behind the supply curve
What is a production function,
What run is all inputs varied,
What run is at least one input fixed
31
cards
perfect competition
What is perfect competition,
What does the demand curve look l...,
What is the demand curve also equ...
13
cards
monopoly
What is a monopoly,
Key features of a monopoly,
How do monopoly happen
12
cards
oligopoly
What is a oligopoly,
What is collusion,
What is a cartel
8
cards
monopolistic competition
What is monopolistic competition,
What are the three different form...,
How do these firms max their profits
6
cards
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micro econ
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