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Leidy Baeza
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Decks in this class (24)
History quiz 1
Who is considered the first econo...,
Who wrote about international tra...,
Father of modern economics invisi...
9
cards
comparison micro vs marco
Micro is important because 1,
Limitations of microeconomics 2,
Scope of microeconomics 3
5
cards
comparison micro vs MACRO
Define macro 1,
Tools of macro 2,
Scope 3
5
cards
Quiz 1
Define market 1,
Markets can be physical or virtua...,
4 features of a market 3
9
cards
Quiz 1 pt 2
Monopoly 1,
Oligopoly 2,
Perfect competition 3
10
cards
solution to market failures
What r the 3 solutions to market ...,
Private market solutions 2,
Government imposed solutions 3
4
cards
QUIZ 2- perfect markets
Define competitive market 1,
3 characteristics of a market 2,
The actions of any single buyer o...
12
cards
QUIZ 2- perfect markets PT2
Define a shut down 1,
A firm chooses to shut down if 2,
Even if the firm shuts down it it...
9
cards
test 2 competitive markets
The height the width of a rectanc...,
The area 2,
At the end of the process of entr...
10
cards
consumer behavior
The theory of consumer behavior 1,
Rational choice theory 2,
Behavioral economics 3
6
cards
factors affecting behavioral economics
Factors affecting behavioral econ...,
Bounded rationality 2,
Choice architecture 3
6
cards
3 steps to understanding consumer behavior
3 steps to understanding consumer...,
Consumer preference 2,
Budget constraints 3
4
cards
basic assumptions about preference
Basic assumptions about preferenc...,
Completeness 2,
Transitivity 3
6
cards
properties of indifference curve
Property 1 1,
Property 2 2,
Property 3 3
5
cards
Quiz 4- 2/23/2025
What are substitutes 3 1,
What are perfect compliments 3 2,
Budget constraints 3
8
cards
test 3- 2/27/2025
Define normal goods 1,
Define inferior goods 2,
Price effect on consumer choice 3
9
cards
the production process quiz 1
The theory of the firm 1,
The production decision of a firm...,
Production technology 3
5
cards
the production process quiz 2
Total revenue 1,
Total costs 2,
Profit 3
7
cards
the production process quiz 3
Economic profit 1,
Accounting profit 2,
Labor inputs 3
5
cards
the production process quiz 4
Factors of production 1,
Production function 2,
Short run 3
6
cards
Test 4-production function
When capital is _______ but labor...,
Marginal product 2,
Diminishing marginal product 3
7
cards
Test 4-production function PT2.
Wt happens to a graph when you ex...,
Wt happens to a graph when you ex...,
Fixed costs 3
8
cards
Test 4-production function PT3
Rising marginal cost 1,
Average total cost 2,
Afc 3
7
cards
Test 4-production function PT4
Economies of scale 1,
Constant returns to scale 2,
Diseconomies of scale 3
3
cards
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MICROeconomics
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