Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
8 Cards in this Set
- Front
- Back
|
Given TC formula and P formula, find MC and MR.
|
MC = derivate of TC
MR: TR=P*Q MR= derivate of TR |
|
|
Given MC, AC, and P formula, find MC=MR.
|
MR:
TR=P*Q MR= derivate of TR MR formula= MC |
|
|
Find deadweight loss and overcharges (can sue)
|
Deadweight loss (ABC triangle loss)=
(Qc-Qm)(Pm-Pc)(.5) overcharges (can sue)= (Pm-Pc)*Qm Total deadweight loss to society= ABC triangle loss + overcharges |
|
|
Draw SR Competitive Graph
|
|
|
|
Draw LR Competitive Graph
|
|
|
|
Draw SR Monopoly Graph
|
|
|
|
Draw NATURAL Monopoly Graph
|
|
|
|
Draw Dominant firm graph
|
|
