Micro Economics
flashcards
Decks in class (57)
# Cards
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Law of Diminishing Returns23
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Fixed and Variable Costs (AFC, TFC, AVC)25
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Marginal Costs & Average Costs13
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Total Cost Curves in the SR (TFC, TVC, TC)15
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Long Run Costs27
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Economies and Diseconomies of Scale35
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Revenue24
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Profit15
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OBJECTIVES OF FIRMS: Profit maximisation15
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OBJECTIVES OF FIRMS: Profit /Satisficing0
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OBJECTIVES OF FIRMS: Revenue Maximsation0
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OBJECTIVES OF FIRMS: SALES/GROWTH MAX0
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OBJECTIVES OF FIRMS: Survival0
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OBJECTIVES OF FIRMS: Public Sector Org0
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OBJECTIVES OF FIRMS: Corporate Social Responsibility0
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Barriers To Entry2
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Barriers to Exit0
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MRP - DEMAND FOR LABOUR35
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LABOUR MARKET - LABOUR DEMAND CURVE - FIRM AND INDUSTRY22
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LABOUR MKT - CRITISISM OF MRP16
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LABOUR MKT - Labour Demand Curve Shifts21
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LABOUR MKT - elasticity of labour demand24
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LABOUR MARKET - INDIVIDUAL LABOUR SUPPLY CURVE - BACKWARDBENDING30
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LABOUR MKT0
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LABOUR MKT0
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LABOUR MKT0
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LABOUR MKT0
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LABOUR MKT0
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LABOUR MKT0
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LABOUR MKT0
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LABOUR MKT0
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LABOUR MKT0
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LABOUR MKT0
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LABOUR MKT0
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LABOUR MKT0
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DISTRIBUTION OF INCOME/WEALTH AND POVERTY - Reasons for Income & Wealth Inequality35
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DISTRIBUTION OF INCOME/WEALTH AND POVERTY - TYPES AND CAUSES of poverty24
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DISTRIBUTION OF INCOME/WEALTH AND POVERTY -0
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DISTRIBUTION OF INCOME/WEALTH AND POVERTY -0
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DISTRIBUTION OF INCOME/WEALTH AND POVERTY -0
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DISTRIBUTION OF INCOME/WEALTH AND POVERTY -0
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DISTRIBUTION OF INCOME/WEALTH AND POVERTY -0
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DISTRIBUTION OF INCOME/WEALTH AND POVERTY -0
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DISTRIBUTION OF INCOME/WEALTH AND POVERTY -0
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benefits of specilisation and division of labour0
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monopolistic competition35
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price discrimination30
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Privatisation22
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Deregulation18
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regulatory capture9
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regulation0
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perfect competition0
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monopoly0
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oligopoly16
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nationalisation21
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TECHNOLOGICAL CHANGE36
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nautral monopoly2
