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Juliette Repole
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Decks in this class (14)
Chapter 1
What is economics,
What are resources,
How are produced goods divided
80
cards
Chapter 2
What is a normative statement,
What is a positive statement,
What must a responsible economist...
21
cards
Chapter 3
What is ceteris paribus,
What is quantity demanded,
Other than price what change will...
51
cards
Chapter 4
What is elasticity,
What are the four types of elasti...,
What are the three working defini...
39
cards
Chapter 5
What is a disequilibrium price,
What is a price floor,
What is minimum wage and its goal
45
cards
Extra Questions
Define market supply,
Define marginal analysis,
Define luxury good
12
cards
Chapter 6
Differentiate between utility tot...,
Describe diminishing marginal uti...,
Describe the consumer s maximizin...
50
cards
Chapter 7
How may a firm be organized 6,
What is an mne,
What is the money a firm raises f...
89
cards
Chapter 8
When does technical efficiency occur,
How does a firm maximize profit,
What is cost minimization
27
cards
Chapter 9
What does market structure refer to,
When do firms have market power,
When is a market competitive
31
cards
Chapter 10
What is total revenue for a monop...,
What is average revenue for a mon...,
What is marginal revenue for a mo...
20
cards
Chapter 11
What does the theory of monopolis...,
What is the theory of oligopoly,
What is a concentration ratio
19
cards
Chapter 12
Describe the industry characteris...,
Describe the industry characteris...,
Describe industry characteristics...
20
cards
Chapter 16
Describe the basic functions of t...,
Give the case for free markets,
Give the information defence for ...
15
cards
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ECON 101
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