Rachtat

On this page, you find all documents, bundles, and flashcards offered by seller rachtat.

Community

  • Followers
  • Following

7 items

ECON1: Elasticity and its Application

(0)
$4.49
0x  sold

Overview of Price Elasticity of Demand and what influences it. Breaks down the definitions of price elasticity of demand and supply. Also breakdown the formulas associated with the price elasticity of demand as well as the midpoint formula, which is commonly used. Discusses the differences between elastic and inelastic goods.

i x
  •  Book
  • Textbook notes
  •  • 2 pages • 
  • by rachtat • 
  • uploaded  01-08-2019
Quick View
i x

ECON1: Profits, Prices, and Costs Under Competition

(0)
$4.49
0x  sold

Introduction to basic Microeconomic equations including: Price Elasticity of Demand, Marginal Revenue, Marginal Cost, Total Revenue, and Profit. Discusses when firms should enter and exit the market and why zero profits (normal profits) are important. Speaks upon the First Invisible-Hand Property by Adam Smith and how Perfectly Competitive Markets work. Includes multiple graphs depicting Marginal Revenue and Marginal Cost, Elasticity, and Perfectly Competitive Markets. Also explain Average Cost ...

i x
  •  Book
  • Textbook notes
  •  • 4 pages • 
  • by rachtat • 
  • uploaded  14-05-2019
Quick View
i x

ECON1: Supply & Demand, Efficiency, and Opportunity Cost

(0)
$4.49
0x  sold

The basics of Supply & Demand, Efficiency, and Opportunity Costs. Full of scenarios and examples showing the effects of the Invisible Hand Theory by Adam Smith. Includes the differences between Consumer and Supplier Surpluses, how efficiency vs. equity change the economy, and explains contrasts between implicit and explicit costs.

i x
  •  Book
  • Textbook notes
  •  • 4 pages • 
  • by rachtat • 
  • uploaded  02-05-2019
Quick View
i x