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Evie Desmarais
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Decks in this class (21)
Chapter 1
What is economics 1,
What is principal 1 of economics 2,
What is principal 2 3
25
cards
Unit 1
What is a price mechanism 1,
What is a positive statement 2,
What is a normative statement 3
5
cards
Chapter 3
What is absolute advantage 1,
What is comparative advantage 2
2
cards
Unit 2
What is a market 1,
What characteristics must a marke...,
What is the law of demand 3
17
cards
Chapter 5
What does the price elasticity of...,
When is demand more elastic 2,
How is the price elasticity of de...
18
cards
Chapter 6
What is a price ceiling 1,
What is a price floor 2,
How is the burden of tax divided 3
26
cards
Chapter 7
What is willingness to pay 1,
What is consumer surplus 2,
What is a marginal buyer 3
14
cards
Chapter 8
What is the laffer curve 1,
What is a deadweight loss 2
2
cards
UNIT 5
What causes overproduction 1,
What leads to positive externalit...,
What causes underproduction 3
8
cards
UNIT 6
What is an explicit cost 1,
What are implicit costs 2,
What is the marginal product of l...
21
cards
Price changes
When fixed costs decrease what ha...,
When variable costs decrease what...,
When fixed costs increase what ha...
12
cards
Unit 6 pt 2
When would one expect to observe ...,
If a firm wants to capitalize on ...,
When do constant returns to scale...
21
cards
Unit 7
What are the four characteristics...,
If marginal revenue is greater th...,
If marginal cost is greater than ...
39
cards
UNIT 8
What are the three main sources o...,
What are characteristics of a mon...,
Whats another term for monopolies 3
19
cards
UNIT 9
A monopolistically competitive fi...,
New firms will enter a monopolist...,
What is true of a monopolisticall...
27
cards
UNIT 10
When does a profit maximizing fir...,
What is the labour demand curve 2,
What causes the labour supply cur...
20
cards
TABLE CALCULATIONS
How is tr found 1,
How is mr found 2,
How is mc found 3
19
cards
Review Questions for Unit 6
What is the relationship between ...,
Give an example of an opportunity...,
What is marginal product and what...
10
cards
Test Questions
As production increases how does ...,
When does marginal cost equal atc 2,
What is the short run supply curv...
7
cards
EXAM REVIEW QUESTIONS
What are indicators from a table ...,
Why in the perfectly competative ...,
What is a monopsony 3
21
cards
MPL AND VMPL
How do i find mpl 1,
How do i find vmpl 2,
How long will a firm hire workers 3
3
cards
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Economics
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