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(1)Econ 201 > Formulas > Flashcards

Formulas Flashcards

1
Q

TR

A

price x quantity

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2
Q

MR

A

change in total revenue / change in quantity

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3
Q

MC

A

change in total cost / change in quantity

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4
Q

ATC

A

total cost / quantity

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5
Q

MPL

A

change in product / change in labor

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6
Q

MRPL

A

MPL x MR

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(1)Econ 201 (4 decks)

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