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Microeconomics in Business

This class was created by Brainscape user Ini Kazeem. Visit their profile to learn more about the creator.

By: Ini Kazeem
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Decks in this class (7)

5.1 Negative Externality in Production
What is market failure,
What are negative externalities i...,
Why does a free market lead to mi...
9  cards
5.2 De-Merit Goods
What are de merit goods,
What are some examples of de meri...,
Why do individual consumers overc...
8  cards
5.3 Tragedy of the Commons
What are common access resources,
What is the tragedy of the commons,
What do individual producers cons...
6  cards
5.8 Monopoly Power
What is a monopoly,
What is the market share required...,
What is the profit maximizing beh...
7  cards
Micro Week 1
What assumptions are made about c...,
What is utility,
What is total utility tu
38  cards
Micro in Biz Week 2
What does an indifference curve r...,
Why do points a and b on an indif...,
Define the budget constraint in c...
165  cards
Micro Week 1 - Going Over Income Effect, Substitution Effect, Price-Consumption Curve, Income Expansion Curve, Engel Curve
0  cards

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Microeconomics in Business

  • Class purpose General learning

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