Chapter 5: Micro Flashcards by silence 72

Q

Budget constraint

A

111

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Budget line

A

128

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Consumer surplus

A

122

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Diminishing marginal utility

A

110

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Income effect

A

114

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Indifference curve

A

129

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Individual demand curve

A

119

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Marginal benefit

A

116

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Marginal rate of substitution

A

130

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Marginal utility

A

108

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Market demand curve

A

120

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Substitution effect

A

114

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Tangency point

A

131

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Utility maximisation

A

111

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Utility

A

108

How well did you know this?

1

Not at all

2

3

4

5

Perfectly