Study guides, Class notes & Summaries
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Social Psychology David Meyers chapter 5
- Flashcards • 10 items • 2023
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Firms Profit Maximizations
- Class notes • 3 pages • 2019
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A mathematical example showing how a firm maximizes profits from its production function. Uses simple calculus (one derivative). The problem is about a fisherman who employs himself and has some fixed and variable costs.
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Supply and Demand Elasticity
- Class notes • 3 pages • 2019
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These notes show a simple problem with a shift in the demand curve. It also defines and gives formulas for demand elasticity, as well as giving examples. These notes are a little messy, but get clearer on later pages.
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Long Run Supply and Demand
- Class notes • 3 pages • 2019
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Explores what happens in a labor market long term: ie, what causes changes once a short term equilibrium has been reached.
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Consumer and Producer Surplus; Price Controls
- Class notes • 2 pages • 2019
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This document defines consumer and producer surplus, showing it on a graph and giving mathematical examples. It has a description of supply elasticity on a graph. It also shows the effects of government price controls on a graph, as well as showing a graph of a tax.
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Supply and Demand Model
- Class notes • 2 pages • 2019
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Includes a mathematical problem using a utility and value function. It also defines supply and demand, and does a simply problem with that as well.
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Labor Demand
- Class notes • 2 pages • 2019
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Shows a mathematical example of a monopoly. It also describes multiple ways to find labor demand given the production function.
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Labor Supply
- Textbook notes • 2 pages • 2019
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Describes another way to find labor demand. Talks about different labor supply curves and why they exist.
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Production Functions and Cost Curces
- Class notes • 2 pages • 2019
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Introduces different types of cost curves as well as the production function. A little information on externalities.
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Tariffs, Subsidies, and Externalities
- Class notes • 2 pages • 2019
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Models government subsidies, tariffs, and externalities. Second page is a little blurry but still legible.
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