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Micro Economics
> OBJECTIVES OF FIRMS: Revenue Maximsation > Flashcards
OBJECTIVES OF FIRMS: Revenue Maximsation Flashcards
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Micro Economics
(57 decks)
Law of Diminishing Returns
Fixed and Variable Costs (AFC, TFC, AVC)
Marginal Costs & Average Costs
Total Cost Curves in the SR (TFC, TVC, TC)
Long Run Costs
Economies and Diseconomies of Scale
Revenue
Profit
OBJECTIVES OF FIRMS: Profit maximisation
OBJECTIVES OF FIRMS: Profit /Satisficing
OBJECTIVES OF FIRMS: Revenue Maximsation
OBJECTIVES OF FIRMS: SALES/GROWTH MAX
OBJECTIVES OF FIRMS: Survival
OBJECTIVES OF FIRMS: Public Sector Org
OBJECTIVES OF FIRMS: Corporate Social Responsibility
Barriers To Entry
Barriers to Exit
MRP - DEMAND FOR LABOUR
LABOUR MARKET - LABOUR DEMAND CURVE - FIRM AND INDUSTRY
LABOUR MKT - CRITISISM OF MRP
LABOUR MKT - Labour Demand Curve Shifts
LABOUR MKT - elasticity of labour demand
LABOUR MARKET - INDIVIDUAL LABOUR SUPPLY CURVE - BACKWARDBENDING
LABOUR MKT
LABOUR MKT
LABOUR MKT
LABOUR MKT
LABOUR MKT
LABOUR MKT
LABOUR MKT
LABOUR MKT
LABOUR MKT
LABOUR MKT
LABOUR MKT
LABOUR MKT
DISTRIBUTION OF INCOME/WEALTH AND POVERTY - Reasons for Income & Wealth Inequality
DISTRIBUTION OF INCOME/WEALTH AND POVERTY - TYPES AND CAUSES of poverty
DISTRIBUTION OF INCOME/WEALTH AND POVERTY -
DISTRIBUTION OF INCOME/WEALTH AND POVERTY -
DISTRIBUTION OF INCOME/WEALTH AND POVERTY -
DISTRIBUTION OF INCOME/WEALTH AND POVERTY -
DISTRIBUTION OF INCOME/WEALTH AND POVERTY -
DISTRIBUTION OF INCOME/WEALTH AND POVERTY -
DISTRIBUTION OF INCOME/WEALTH AND POVERTY -
benefits of specilisation and division of labour
monopolistic competition
price discrimination
Privatisation
Deregulation
regulatory capture
regulation
perfect competition
monopoly
oligopoly
nationalisation
TECHNOLOGICAL CHANGE
nautral monopoly
