MATH REVIEW FOR MICRO THEORY
I.
GRAPHING
a.a)See pages 122 125 in Zaleski appendix
a.b)
Interpreting intercept and slope
II.
INVERTING EQUATIONS
a.a)See pages 129 in Zaleski appendix
III.
SOLVING EQUATIONS
a.a)See pages 130 132 in Zaleski appendix
a.b)
Ex
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In fact, the UNs International Labor Organization estimates that about
NOTES FOR SECOND EXAM
Long run: isoquants
What they are
How to derive from production functions
What they look like for different types of production
functions
Slope of isoquants
How to find slope using Marginal products
Returns to scale
Costs of Producti
REVIEW SHEET FOR MICRO THEORY FINAL
PERFECT COMPETITION:
Allocative efficiency
Productive efficiency
Maximizing overall economic welfare
MONOPOLY
Define
Market characteristics
Barriers to entry
Demand and marginal revenue
Why is MR <P
Where does the monop