This class was created by Brainscape user Apuk Saha. Visit their profile to learn more about the creator.
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Apuk Saha
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Decks in this class (6)
LS1-2
What are the reasons for growth,
Why do some firms choose to stay ...,
Why are some firms forced to stay...
24
cards
LS7
Define efficiency,
What are the types of efficiency,
What is productive efficiency
6
cards
LS6
What are a businesses objectives,
Where is revenue maximisation point,
Where is sales maximisation
9
cards
LS5
When does normal profit occur,
What is supernormal profit,
What is the profit maximising level
5
cards
LS4
What are constant returns to scale,
What are increasing returns to scale,
What are decreasing returns to scale
18
cards
LS3
What counts as the short run,
What counts as the long run,
What is the law of diminishing re...
8
cards
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A2 Micro
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