This class was created by Brainscape user Michal Dudko. Visit their profile to learn more about the creator.
By:
Michal Dudko
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Decks in this class (7)
Section1
Scarcity,
Economics,
Efficiency
10
cards
Section2
What is a market,
Types of goods,
Types of markets
17
cards
Section3
What is utility in consumer deman...,
What is the difference between ca...,
What is the budget constraint
11
cards
Section4
Production function definition,
Simplified production process,
Short run vs long run in production
9
cards
Section5
What is total revenue,
Define total cost,
What is economic profit
16
cards
Section6
What is an isoquant in production...,
What is the marginal rate of tech...,
What is the isocost line
7
cards
Secrion7
What is consumer surplus,
How is consumer surplus represent...,
What is willingness to pay
9
cards
More about
P PM
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