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Lucy Paine
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Decks in this class (11)
Lesson 1.1 (Chp 1 - 2)
Formula for expected net present ...,
Economists definition of profit,
What is principal agent problem
63
cards
Lesson 1.2 - Consumer Behaviour and Rational Choice (Chp 3)
What does consumer well being ari...,
Assumption in indifference curves,
What is an indifference curve
55
cards
Lesson 1.3 - Production Theory (Chp 5)
Whats the terms managers use to f...,
What does the production process ...,
How does efficiently using inputs...
64
cards
Lesson 1.4
Explain opportunity cost,
Do you minimize maximize opportun...,
Explain economic cost
58
cards
Lesson 2.1
What does market structure affect...,
5 factors market structure is det...,
4 main types of markets
65
cards
Lesson 2.2
What price and output level does ...,
Is p mr or p mr in monopoly and w...,
Where will a monopolist produce
56
cards
Lesson 2.3
Draw producer surplus consumer su...,
Examples of price discrimination,
What customers value the good hig...
76
cards
Lesson 2.4
Is being an oligopoly good and why,
Definition oligopoly,
Explain managers in oligopoly
76
cards
Lesson 3.1
Managers face decisions character...,
Define risk,
Define probability
52
cards
Lesson 3.2
What do we assume managers goal is,
Define principal agent issues,
What is another way to explain pr...
132
cards
Lesson 3.3
How has internet commerce affecte...,
What does a lemons market arise from,
Is lemons market a market failure
78
cards
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EC 260
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