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Decks in this class (30)
Government Intervention, Tax, Subsidy, Maximum Minimum And Buffer Stocks
Evaluation of the use of subsidies 1,
Advantages of using subsidy to co...,
Evaluation of the use of tax 3
40
cards
3.0 Introdcution To Cost Revenue Profit
How to calculate average revenue 1,
What is marginal revenue 2,
Law of diminishing marginal retur...
9
cards
Illustraing Business Objectives
What are some of firms business o...,
Illustrating the profit maximisin...,
Illustrating revenue maximising u...
5
cards
3.1 Business Objectives
Why would a business seek to prof...,
Why would firms not seek to maxim...,
What is meant by profit satisfying 3
30
cards
Perfect Competition
What assumptions do we make for a...,
What output can firms produce at ...,
What is the difference between dy...
12
cards
Monopoly
What is a monopoly 1,
What assumption do we make about ...,
What is meant by dynamic efficien...
19
cards
Oligoply
What are the characteristics of a...,
What does a collusive oligopoly m...,
What is meant by a non collusive ...
16
cards
Monopolistic Competition
What are the assumptions for mono...,
What is the diagram for monopolis...,
Why is a normal profit the only p...
3
cards
4.2 Price Discrimination
What is price discrimination 1,
What conditions are required for ...,
On what metrics can a firm price ...
11
cards
5.1 Demand For Labour
Wha does derived demand mean 1,
What are the characteristics of a...,
What is the marginal revenue prod...
19
cards
1 Introduction To Microeconomics
What is a positive statement 1,
What is a normative statement 2,
What is the economic problem 3
20
cards
2.10 Common Access Resources And Public Goods
What are some example of common a...,
What are the characteristics of c...,
What does sustainability mean 3
19
cards
2.1 Specialisation And Trade
What does division of labour mean 1,
What does specialisation mean 2,
What are the advantages of specia...
5
cards
2.2 Demand
What does demand mean 1,
What is meant by effective demand 2,
What is the law of demand 3
16
cards
2.6 Elasticity
What is cross prices elasticity o...,
What is the equation for xed 2,
What does the sign of the xed val...
25
cards
2.3 Supply
What does supply mean 1,
What is the law of supply 2,
Equation for working out the pric...
11
cards
2.4 Consumer Surplus And Producer Surplus
What is consumer surplus 1,
Diagram illustrating consumer sur...,
To what extent do changes in pric...
7
cards
2.5 Interaction Of Supply And Demand
What does a market mean in econom...
1
cards
2.7 The Concept Of The Margin
What is marginal revenue 1,
What is marginal cost 2,
What is marginal private benefit ...
8
cards
2.8 Market Failure And Externalities
What does an externality mean 1,
What does a negative externality ...,
What does a positive externality ...
17
cards
2.9 Demerit And Merit Goods
What is a demerit goods 1,
Diagram showing demerit goods 2,
What is a merit good 3
9
cards
3.2 Production And Economies Of Scale
What does production mean 1,
What does productivity mean 2,
What does total product tp mean 3
36
cards
Government Intervention Premit Trading Regulation State Provision And Funding And Copetition Policy
What is competition policy 1,
What are the theoretical principl...,
What tools does the mca use to in...
17
cards
3.3 Costs Revnue And Profits
0
cards
4.5 Contestable Market Theory
What does hit and run entry mean 1,
How does contestability affects b...,
What are the characteristic of a ...
12
cards
5.2 Supply Of Labour
What does the supply of labour me...,
What does the supply curve of lab...,
What does the supply of labour fo...
16
cards
5.3 Trade Union, Monopsony, Bilateral Monopoly
What is a trade union 1,
What is the effect of a trade uni...,
Explaining the effect of a trade ...
12
cards
Wage Differentials
What are wage differentials 1,
Why is there no wage differential...,
What are the causes of wage diffe...
8
cards
Governent Failure
What is government failure 1,
Govenrment failure with the use o...,
Government failure with the use o...
6
cards
2.11.07 State Provision And Governemnt Funding
What are the two types of provisi...,
What would affect the decisions o...,
State provision of merit good hea...
10
cards
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A level OCR Microeconomics
- Class purpose General learning
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