1
Q
What is a budget line
A
Shows the combination of two products that can be afforded when all income is spent
Year 13 Microeconomics
flashcards
Decks in class (28)
# Cards
-
The margin and rationality13
-
Recap1
-
Static and dynamic efficiency7
-
Objectives of firms13
-
Objectives of firms 26
-
Costs4
-
Costs and time5
-
Economies of scale5
-
Diseconomies of scale3
-
Profit and loss7
-
Concentration ratios and barriers to entry6
-
Perfect competition10
-
Monopoly5
-
Price discrimination7
-
Natural monopoly6
-
monopolistic competition8
-
Oligopoly18
-
contestable markets10
-
Mergers and competition policy13
-
Wages, labour and productivity13
-
Labour supply10
-
Wage determination12
-
Wages differentials, equilibria, trade unions, monopsony26
-
Features of the labour market13
-
Evaluating features of the labour market11
-
Government intervention in the labour market5
-
Government intervention in the labour market part 220
-
Demergers6
