- decks
- flashcards
- learners
Decks in this class (10)
Utility and Indifference
Utility 1,
Law of dmu 2,
Total utility 3
12
cards
Efficiency and Market Failure
Pareto efficiency 1,
Productive efficiency 2,
Allocative efficiency 3
9
cards
Externalities
Private cost 1,
External cost 2,
Social costs 3
14
cards
Production
Production function 1,
Marginal product 2,
Law of dmr 3
25
cards
market structures
Perfect competiton 1,
Barriers to entry 2,
Price taker 3
18
cards
Objectives of Firms
Blank 1,
Conglomerate 2,
Economies of scope 3
9
cards
Micro Intervention
Ad valorem tax 1,
Regulation 2,
Property rights 3
7
cards
equity and redistribution of income
0
cards
Policies
Quantitative easing 1,
Recession 1,
Blank 2
3
cards
labour markets
If wage differentials exist 1,
5 main market imperfections 2,
Blank 3
3
cards
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9708 A2 Definitions
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