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Henry Tran
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Decks in this class (16)
Chapter 2 AND 3 T or F
If there are two goods with posit...,
If good 1 is measured on the hori...,
If all prices are doubled and mon...
25
cards
CHAPTER 4 T OR F
With quasilinear preferences the ...,
Wanda lott has the utility functi...,
If someone has a utility function...
19
cards
CHAPTER 5 T OR F
At a boundary optimum a consumer ...,
Max gross has the utility functio...,
If a consumer does not have conve...
12
cards
CHAPTER 6 T OR F
If preferences are quasilinear th...,
In economic theory the demand for...,
If two goods are substitutes then...
24
cards
Chapter 7 T OR F
The strong axiom of revealed pref...,
Rudolf rational obeys the weak ax...,
If a consumer maximizes a utility...
14
cards
Chapter 7
What is revealed preference 1,
What does it mean if bundle is re...,
What assumption is made in reveal...
21
cards
Chapter 8 T or F
A giffen good must be an inferior...,
If a good is an inferior good the...,
The compensated demand function r...
17
cards
Chapter 14 T or F
Consumer s surplus is another nam...,
There is a positive consumer surp...,
The equivalent variation in incom...
12
cards
Chapter 15 T or F
The inverse demand curve p x for ...,
In general aggregate demand depen...,
If consumer 1 has the demand func...
27
cards
Chapter 16 T or F
If the supply curve is vertical t...,
If the supply is perfectly elasti...,
The supply curve slopes up and to...
8
cards
Chapter 19 T or F
0
cards
Chapter 20 T or F
0
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Chapter 21 T or F
Quasi fixed costs are those costs...,
If there are increasing returns t...,
If there are increasing returns t...
10
cards
Chapter 22 T or F
The average variable cost curve m...,
The marginal cost curve passes th...,
If the average cost curve is u sh...
10
cards
Chapter 23 T or F
A firm in a competitive industry ...,
In a perfectly competitive indust...,
Price equals marginal cost is a s...
13
cards
Chapter 24
The short run industry supply cur...,
It is possible to have an industr...,
The possibility of more firms ent...
14
cards
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ECON 201
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