ib economics (Microeconomics ) Karteikarten am Theory of the Firm , erstellt von bella.calonje am 01/04/2014.
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Erstellt von bella.calonje
vor etwa 10 Jahre
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Schließen
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Erstellt von bella.calonje
vor etwa 10 Jahre
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Short run Production
Long run production
Define Total Product
Define Average Product
Define Marginal product
Define eventually diminishing marginal returns
Define eventually diminishing average returns
Distinguish between explicit and Implicit costs
Total fixed cost
Total variable costs
Total Cost
Average fixed cost
Average variable cost
ATC
Marginal Cost
Decreasing returns to scale
Economies of Scale
total revenue
Average revenue
marginal revenue
explain the shut-down price
Explain the break even price
Define Diseconomies of scale
Why are Short Run cost curves U- Shaped
Why are Long- Run Cost curves U-Shaped?
What are the goals of the firm other then profit maximisation?
Increasing returns to scale
