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Year 13 Economics

This class was created by Brainscape user Kaba Al-Shamim. Visit their profile to learn more about the creator.

By: Kaba Al-Shamim
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Decks in this class (10)

3.1.1 Sizes and types of firms
0  cards
3.1.2 Business Growth
What is organic growth,
What are some methods of organic ...,
What are the advantages of organi...
10  cards
3.1.3 Demergers
What is a demerger,
What are the key reasons for deme...,
What is diseconomies of scale
6  cards
3.3.2 Costs
What is meant by the short run in...,
What is meant by the long run in ...,
What is meant by
11  cards
3.3.1 Revenue
Spec points,
What is the formula for total rev...,
What is the formula for average r...
8  cards
3.3.4 Normal profits, supernormal profits and losses
What is the formula for total profit,
What is the formula for average p...,
What
11  cards
3.3.3 Economies and diseconomies of scale & c) Relationship between short-run and long-run average cost curves
What is the difference between lo...,
What is the lrac determined by,
What are returns to scale
8  cards
3.4.1 Efficiency
What is allocative efficiency,
What is productive efficiency,
What is x efficiency
6  cards
3.4.5 Monopoly
What are three characteristics of...,
Where is the profit maximising eq...,
What are some benefits of a monop...
21  cards
Perfect Competition
Spec poinst,
What are the characteristics of pc,
What kind of profit is made in th...
5  cards

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Year 13 Economics

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