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Questa Cmap, creata con IHMC CmapTools, contiene informazioni relative a: dslcmap2, Law of Diminishing Marginal returns Uses the tools like Market Decisions, Marginal Profit Directly impacts upon the Law of Diminishing Marginal returns, Short Run are based on the time required to change the production process or the ability/inability to finish any other previous commitments. Two types of economic runs are established: Market Decisions, Resources based on Variable cost, Market power gains the ability to set the price which is having Monopoly, Marginal Revenue (MR) Directly impacts upon the Law of Diminishing Marginal returns, Long Run are based on the time required to change the production process or the ability/inability to finish any other previous commitments. Two types of economic runs are established: Market Decisions, Land Which include Resources, Perfect Competition which are based upon the four main market structures Monopoly, Marginal Product Directly impacts upon the Law of Diminishing Marginal returns, Monopolistic competition which are based upon the four main market structures Monopoly, Monopolistic competition which are based upon the four main market structures Market Decisions, Variable cost All inputs are considered Long Run, Producer Surplus differences btwn what the consumer is willing to pay and the market price leads to a Perfect Competition, Consumer Surplus differences btwn what the consumer is willing to pay and the market price leads to a Perfect Competition, Constant returns to scale three examples are: Economies of scale, Oligopoly which are based upon the four main market structures Market Decisions, Barriers to Entry can be created by having Monopoly, Industry Supply Curve When rising, this leads to an upward sloping of the Short-run Marginal Cost (MC), Building, equipment, rent examples are Fixed cost