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Labibah Boshor
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Decks in this class (18)
1) law of diminishing returns
What does the law of diminishing ...,
What is the short run,
What is the law of diminishing re...
9
cards
2) fixed and variable costs
When do we have the short run,
When do we have the long run,
What are the two types of costs
12
cards
3) marginal and average cost curves
How do you figure out average costs,
How do you fig,
Ure out marginal costs
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,
What is an economies of scale
37
cards
lesson 3 - theory of the firms: costs
What are fixed costs,
What is variable costs,
How do you figure out total costs
26
cards
lesson 4 - theory of the firm: revenues
What s the equation for revenue,
What s the equation for profit,
What is the l shaped lrac curve a...
36
cards
uplearn revenue
P 5 q 6p 6 q 5both tr 30 mr 0 how...,
What happens when marginal revenu...,
What happens when marginal revenu...
10
cards
uplearn efficiency
When are we productively efficient,
When are we at productively effic...,
What is the definition of dynamic...
3
cards
5) long run costs and returns to scale
When do we have the long run,
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,
What are the two types of econome...,
When do we have intranal economie...
26
cards
7) revenue MR AR TR
What is revenue,
Total revenue equation,
Average revenue equation
11
cards
8) profit - normal and supernormal
What s the equation for profit,
What are included in the total cost,
When do we have normal profit
9
cards
9) objectives of firms profit max rev max sales max satisficing
What is the objective of firms,
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,
Examples of professions employed ...,
Are monopsonies wage makers or ta...
8
cards
trade unions in a monopsony labour market
3
cards
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Year 2 content: micro
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