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Managerial Economics

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

By: Scott Morris
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Decks in this class (13)

Chapter 1
What are the 2 steps of problem s...,
Define the rational actor paradigm 2,
What 3 questions help define the ...
6  cards
Chapter 2
Explain voluntary transactions 1,
What creates wealth 2,
Define value 3
10  cards
Chapter 3
Define opportunity cost 1,
What do you consider wrt costs an...,
Define fixed and variable costs 3
12  cards
Chapter 4
Define average cost 1,
Define marginal cost 2,
Define marginal revenue 3
8  cards
Chapter 5 & 6
What is a demand curve 1,
What is marginal analysis of pric...,
What is elasticity 3
38  cards
Chapter 7
What is the law of diminishing ma...,
What causes diminishing marginal ...,
What does diminishing marginal pr...
11  cards
Chapter 8
What note of caution is offered w...,
What are the 3 dimensions of a ma...,
Define market demand and market s...
13  cards
Chapter 9
Define a perfectly competitive in...,
Define long term equilibrium 2,
What is the mean reversion of pro...
16  cards
Chapter 10
What is strategy 1,
Define basic business strategy an...,
When does a company have a sustai...
24  cards
Chapter 11
When you see sell and buy think 1,
Describe the market for foreign e...,
Explain the impact of currency de...
15  cards
Chapter 12
After acquiring a substitute prod...,
What does common ownership of two...,
Why do acquisitions raise the pri...
19  cards
Chapter 13
What is price discrimination 1,
What are the necessary conditions...,
Where is price discrimination mos...
8  cards
Chapter 14
What is indirect price discrimina...,
Indirect price discrimination is ...,
What is the risk w indirect price...
14  cards

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Managerial Economics

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