This class was created by Brainscape user Labibah Boshor. Visit their profile to learn more about the creator.
By:
Labibah Boshor
- decks
- flashcards
- learners
Decks in this class (23)
1) law of diminishing returns
What does the law of diminishing ...,
What is the short run 2,
What is the law of diminishing re...
8
cards
2) fixed and variable costs
When do we have the short run 1,
When do we have the long run 2,
What are the two types of costs 3
12
cards
3) marginal and average cost curves
How do you figure out average cos...,
How do you figure out marginal co...,
In terms of marginal costs what d...
4
cards
lesson 1 - recap
What can increase occupational mo...,
Which function of money allows pe...,
The demand curve for a normal goo...
10
cards
lesson 2 - business growth
What are the two reasons why larg...,
What is a barrier to entry 2,
What is an economies of scale 3
37
cards
lesson 3 - theory of the firms: costs
What are fixed costs 1,
What is variable costs 2,
How do you figure out total costs 3
26
cards
lesson 4 - theory of the firm: revenues
What s the equation for revenue 1,
What s the equation for profit 2,
What is the l shaped lrac curve a...
36
cards
uplearn revenue
P 5 q 6 p 6 q 5 both tr 30 mr 0 h...,
What happens when marginal revenu...,
What happens when marginal revenu...
10
cards
uplearn efficiency
When are we at productive efficie...,
When are we at allocative efficie...,
What is the definition of dynamic...
3
cards
5) long run costs and returns to scale
When do we have the long run 1,
What can we analyse about the lra...,
What can we analyse about the lra...
7
cards
6) economies and diseconomies of scale
What are economies of scale 1,
What are the two types of econome...,
When do we have internal economie...
23
cards
7) revenue MR AR TR
What is revenue 1,
Total revenue equation 2,
Average revenue equation 3
11
cards
8) profit - normal and supernormal
What s the equation for profit 1,
What are included in the total co...,
When do we have normal profit 3
9
cards
9) objectives of firms profit max rev max sales max satisficing
What is the objective of firms 1,
What are the reasons why firms wa...,
When do we have profit maximisati...
23
cards
demand for labour, supply of labour, market wage determination
Who demands labour in a labour ma...,
When do we have an equilibrium wa...,
What does the demand curve for la...
13
cards
wage differentials and labour market imperfections
What would happen if all labour m...,
In a perfectly competitive labour...,
In the real world there is becaus...
11
cards
monopsony labour market
What is a monopsony 1,
Examples of professions employed ...,
Are monopsonies wage makers or ta...
8
cards
trade unions in a monopsony labour market
What do trade unions do 1,
Arguments for trade unions 2,
Arguments against trade unions 3
3
cards
oligopoly
What is overt collusion 1,
What is tacit collusion 2,
What can overt collusion include 3
16
cards
Evon Plus Dal: All Of Government Interventio
What is indirect tax 1,
Explain how you would show a shif...,
What does a tax increase for a fi...
32
cards
Costs And Oil
What are the gas and electricity ...,
Why is the gas and electricity in...,
Why do the government intervene i...
12
cards
uplearn: business growth
Whats the internal economies of s...,
Whats the internal diseconomies o...,
Explain the principle agent probl...
4
cards
uplearn monopoly
What do legal barriers include an...,
What is dynamic efficiency 2,
What is a natural monopoly 3
5
cards
More about
Micro Economics 2
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Labibah Boshor's Micro Economics 2 flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
BRS - Year 2
- 75 decks
- 3654 flashcards
- 3 learners
Decks:
Neurology Cerebral Cortex, Neurology Cerebral Vasculature, Neurology Motor Neuromuscular Control, And more!
Clinical Micro
- 29 decks
- 1775 flashcards
- 274 learners
Decks:
01 Introductory Microbiology Specimen Pr, Exam 1 Antibiotics, Exam 1 Ch 1 Bacterial Cell Structure Phy, And more!
BRS Year 2
- 67 decks
- 3008 flashcards
- 156 learners
Decks:
Hypopituitarism Anterior Pituitary Dysfu, Vasopressin Disorders, Pituitary Tumours, And more!
