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Micro Economics Y2

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

By: Charlie Smillie
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Decks in this class (12)

Growth Of The Firm
Stakeholder,
Business objectives 8,
Motivations to grow 5
21  cards
Production Function
The production function,
Sr production function,
Law of diminishing returns
12  cards
Costs
Fixed costs,
Fixed costs examples 3,
Variable costs
10  cards
Economies Of Scale
Economies of scale,
Types of eos,
Diseconomies of scale
10  cards
Revenue And Profit
Average revenue,
Marginal revenue,
Total revenue
10  cards
Efficency
Allocative efficiency,
Ar,
Mc
5  cards
Monopoly
Working monopoly,
Dominant monopoly,
Pure monopoly
17  cards
Market Structure
Economic efficiency s 4,
Allocative efficiency graph,
Productive efficiency graph
21  cards
Oligopoly
Oligopoly,
Key characteristics of oligopolies 6,
Interdependence
22  cards
Competiton Policy
Competition policy,
How firms can a sue power 7,
What do the cma do 5
8  cards
Labour Markets
Marginal revenue product equation,
What is mrp,
Demand for labour
17  cards
Equilibrium In Labour Markets
What is equilibrium in labour mar...,
Labour equilibrium market forces ...,
Perfect competition in labour mar...
6  cards

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Micro Economics Y2

  • Class purpose General learning

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