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Micro Economics = Year 2 = Term 1 🏢💙

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

By: Sarah Johnson
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Decks in this class (5)

Revenue
What is revenue,
Formula of revenue,
What is total revenue
9  cards
Costs
What is economic cost,
What is fixed cost 2,
What is a variable cost
18  cards
Economies And Diseconomies Of Scale
What is the long run,
Explain shape of long run diagram 2,
Where is optimum level of product...
18  cards
Normal Profit, Abnormal Profit And Losses
What is profit,
What is normal profit 4,
What are abnormal profits 2
9  cards
Business Objectives - Profit, Revenue, Sales Max And Satisficing
Profit maximising 3,
What does sr profit max imply 2,
Long run profit maximisation 2
9  cards

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Micro Economics = Year 2 = Term 1 🏢💙

  • Class purpose General learning

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