This class was created by Brainscape user Carlee Clair. Visit their profile to learn more about the creator.
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Carlee Clair
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Decks in this class (15)
Chapter 5
Graphically as a consumer buys mo...,
Utility refers to the,
Marginal utility is
19
cards
Chapter 6
Price elasticity looks at,
The basic formula for price elast...,
Technically the elasticity number...
29
cards
Chapter 7
Which of the following are factor...,
A production function shows the,
Greater labor productivity means
6
cards
Chapter 8
A firm that makes zero economic p...,
Normal profit,
Table 221 the accounting profit i...
25
cards
Chapter 9
Which of the following is true ab...,
If a new sushi restaurant opens then,
Marginal cost is the increase in ...
20
cards
Chapter 10
Market power is,
If the entire output of a market ...,
A monopolist will find that its m...
30
cards
Chapter 11
An industry s market structure re...,
When firms are interdependent,
The only market structure in whic...
27
cards
Chapter 12
If there are many firms in an ind...,
Which of the following is not cha...,
The combined market share of the ...
20
cards
Chapter 13
Market failure,
Which of the following is a form ...,
Which of the following can the go...
20
cards
Chapter 16
As an individual earns additional...,
For an upward sloping labor suppl...,
The labor supply curve starts to ...
21
cards
Chapter 17
Typical goals of a labor union in...,
Unions may lower real wages in th...,
Union work rules may restrict pro...
21
cards
Chapter 19
In kind benefits are a way of cor...,
Public housing is an example of,
Wealth refers to
20
cards
Chapter 20
Transfer payments are,
When a program is means tested it...,
The official poverty index is bas...
20
cards
Chapter 21
The united states has historicall...,
Which of the following is true,
The benefits from international t...
19
cards
Chapter 22
The exchange rate is the,
Which of the following generates ...,
Which of the following generates ...
20
cards
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microeconomics
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