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    JOHNSON, Brunner, AntonioV.Saravia, Cassilo, ShelbyD.Frost, ClayS.Turner, NA, GlenwoodRoss, FelixK.Rioja, Hussian, BruceKaufman, YongshengXu, WilliamS.Custer, AndrewT.Balthrop, SusanK.Laury, Staff, Martin, SallyWallace, GeoffreyK.Turnbull, AndrewT.Sumner, InasRashad, AubreyN.Underwood, BenjaminZ.Buckert, BarryT.Hirsch, LorenV.Buysman, ChristopherB.Wolfe, AndrewD.Kohr, CarterA.Doyle, RaganPetrie, NevenT.Valev, JamesH.Marton, AndrewR.Hanson, KurtE.Schnier, MaryB.Walker, BrianA.Hunt, BruceA.Seaman, JamesR.Alm, ResulCesur, ShiferawGurmu, PierreNguimkeu, YuriyKitsul, Dr.PramestiResiandini, PaulJ.Ferraro, Banzhaf, RachanaR.Bhatt, HenryS.Banzhaf, JamesC.Cox, EdwardT.Cox, Andrew.Feltenstein, AbbasBarzegar, CarolynA.Crutchfield, Tchernis, Judex.Hyppolite, RichardP.Luger, RustyTchernis, JamesT.Swarthout, SeunghaeGraceO, Klark, NareeshMallick, ShelbyFrost, SARAVIA
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ECON Documents

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ECON Flashcards

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  • 118 terms

    Term:

    Economics

    Definition:

    Social science of choices made under conditions of scarcity

    • ECON 2105 FINAL
    • 118 terms
    • Vocabulary for ECON 2105 FINAL. Find, create, and access Econ 2105, flashcards with Course Hero.
  • 24 terms

    Term:

    revenue=

    Definition:

    price x quantity

    • Ch 8: Business Costs and Production
    • 24 terms
    • Vocabulary for Ch 8: Business Costs and Production. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 23 terms

    Term:

    internal costs

    Definition:

    costs paid by the individual

    • Ch 7: Market Inefficiencies: Externalities and Public Goods
    • 23 terms
    • Vocabulary for Ch 7: Market Inefficiencies: Externalities and Public Goods. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 13 terms

    Term:

    Monopoly

    Definition:

    single seller set price for a good significant barriers to entry

    • Ch 10: Understanding Monopolies
    • 13 terms
    • Vocabulary for Ch 10: Understanding Monopolies. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 16 terms

    Term:

    Competitive Markets

    Definition:

    many buyers/sellers similar goods Free entry/exit firms are price takers MR curve will always be HORIZONTAL

    • Ch 9: Firms in a Competitive Market
    • 16 terms
    • Vocabulary for Ch 9: Firms in a Competitive Market. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 10 terms

    Term:

    utility

    Definition:

    measure of relative levels of satisfaction consumers enjoy from consumption of a good or service numerically quantified by a unit of happiness called a util

    • Ch 16: Consumer Choice
    • 10 terms
    • Vocabulary for Ch 16: Consumer Choice. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 8 terms

    Term:

    Monopolistic Competition

    Definition:

    free entry/exit many different firms product differentiation some market power

    • Ch 12: Monopolistic Competition
    • 8 terms
    • Vocabulary for Ch 12: Monopolistic Competition. Find, create, and access Microeconomics, flashcards with Course Hero.
  • 7 terms

    Term:

    price ceiling

    Definition:

    maximum price shortage

    • Ch 5: Price Controls
    • 7 terms
    • Vocabulary for Ch 5: Price Controls. Find, create, and access Microeconomics, flashcards with Course Hero.

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