Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

L1 15 Demand and Supply Analysis: The Firm

This class was created by Brainscape user Steven Popovic. Visit their profile to learn more about the creator.

By: Steven Popovic
Start Studying

Decks in this class (16)

Practice
Calculating accounting profit,
Calculating economic profit,
Calculating economic profit for a...
9  cards
A
Calculate, interpret and compare accounting profit, economy profit, normal profit, and economic rent **The ultimate goal of analyzing the different types of profit is to determine how their relationships to one another influence the firm’s market value of equity**
10  cards
B
Calculate and interpret and compare total, average, and marginal revenue
9  cards
C Describe a Firms Factors of Production
Factors of production,
Factors of production,
Factors of production
18  cards
D Calc and Interp total, average, marginal, fixed, and variable costs
Total cost,
Total cost,
Total fixed cost
21  cards
E Determine and Describe Breakeven and Shutdown Points of Production
Short run,
Long run,
Shutdown and breakeven points und...
5  cards
F Describe approaches to determining the profit-max level of output
Perfect of imperfect competitors ...,
Profit max under perfect comp,
Profit max under imperfect comp d...
3  cards
15 G Describe how Economies of Scale and Diseconomies of scale affect costs
Economies of scale slope price re...,
Diseconomies of scale slope price...
2  cards
H Distinguish between SR and LR profit max
Distinguish between sr and lr pro...
1  cards
I Distinguish among decreasing-cost, constant-cost, and increasing cost industries and describe the long-run supply of each
An increase in demand that result...,
Resource prices fall as the indus...,
Input prices neither increase or ...
6  cards
J Calculate and Interpret total, marginal, and average product of labor
For a productin process w a fixed...,
Total product measure in analysis,
Average product in analysis
4  cards
K,L Describe the phenomenon of DMR and calc and interp profit-max utilization level of an input and optimal cost min combo
Dmr,
Calc and interp profit max utiliz...,
Cost min doesnt tell us the quant...
3  cards
a calculate, interpret, and compare accounting profit, economic profit, normal profit, and economic rent;
0  cards
b calculate and interpret and compare total, average, and marginal revenue;
0  cards
c describe a firm’s factors of production;
0  cards
l determine the optimal combination of resources that minimizes cost.
0  cards

More about
L1 15 Demand and Supply Analysis: The Firm

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Steven Popovic's L1 15 Demand and Supply Analysis: The Firm flashcards for their CFA Exam L1 class now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

Supply and Demand 3: Hypothalamus and...
  • 1 decks
  • 27 flashcards
  • 4 learners
Decks: Hypothalamus And Pituitary Gland Content, And more!
Economic On Supply And Demand
  • 1 decks
  • 39 flashcards
  • 9 learners
Decks: Economics, And more!
Oxygen Supply and Demand Framework
  • 6 decks
  • 130 flashcards
  • 4 learners
Decks: Ventilation, Alveolar Gas Exchange, Cardiac Output, And more!
Supply Chain Management
  • 9 decks
  • 232 flashcards
  • 42 learners
Decks: Lecture 1 Supply Chain Basics, Lecture 2 Make Or Buy Decision, Lecture 3 Designing Supply Chains, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions