Micro 2008

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* HOW ARE THE FUNCTIONS OF PRODUCTION FOR PERFECT SUBSTITUTE imputs

X = Y1 + Y2

* HE SAYS GIVEN IF constant returns to scale

proporciaonales increases to all the factors, the output grows in proportion

* If fixed costs are zero

average variable costs and average total costs will be equal

* A FUNCTION OF DEMAND CURVE WITH A POSITIVE DIRECT PRICE ELASTICITY DEMAND DIRECTLY, NOT ABSOLUTE VALUE IGAUAL to 5 correspond

Giffen goods or vebblen

* THE POINT WHERE YOU CUT THE MARGINAL COST CURVE, WITH THE AVERAGE VARIABLE COST CURVE, PERFECT COMPETITION IS CALLED IN

Minimum operating

* THE SOLUTION OF THE PROBLEM OF Cournot Duopoly

means that the company does not vary their behavior depending on the outcome of his predictions about the behavior of rival firms

* THE THEOREM OF EXCESS CAPACITY in Monopolistic Competition

is a property of long-run equilibrium in this type of market

* If the company sells in LONELY BREAKFAST CEREALS HAS FOUR DIFFERENT KIND, equidistant, which sells equidistributed CONSUMER PREFERENCE FOR A LONG CIRCLE OF POSSIBILITIES. How much and what type of variety would have to introduce COPETIDORA A CONTEST FOR MID-MARKET?

four varieties intermediate

* THE SITUATION IN WHICH A MAJORITY VOATCIÓN DEMOCRACY DOES NOT NECESSARILY PLACE A CONSISTENT DECISION IN TERMS OF ECONOMIC THEORY IS DENOM

voting paradox

* THE LAW OF MARGINAL UTILITY WEIGHTED satisfied where

can not increase utility by reallocating spending from goods to another

* IN A MARKET OF THE SPIDER WEB

The activity is referred to the previous period's price, a delay

* A MARKET ANSWER OR DISPUTES

free exit the entry means that the company incurs no sunken costs (sunk costs) or irrecoverable or best it can recover

* THE DEFINITION OF BARRIER TO ENTRY OF Stingl REGARDS GEORGE

Company installed advantages over those that want to market accceder

* THE VOTER THEOREM CENTERED OR MEDIUM SAYS

that the voting will be preferred that voter

* The marginal TECNIA REPLACEMENT CAN BE DEFINED AS

the relationship between physical marginal products

* To analyze the income and substitution effects HOW YOU HICKS

consumer income compensate for the new price to maintain the initial utility level

* ARE THE REAL RIVALS AND EXCLUDABLE

private

* THE PROCESS BY WHICH THE POLITICAL REPRESENTATIVES VOTES WHEN BARGE WITH ABSOLUTE MAJORITY ARE NOT TO TAKE ACTION IS CALLED

logrolling

* A normal good RESCPECTO INCOME ELASTICITY WITH INCOME THAT IS POSITIVE

price is always decreasing demand

* WHAT IS THE STANDARDS OF BEHAVIOR IN EACH ITERATION IN THE MODEL OF BERTRAND

establish a lower price than rival

* A utility function U = 2X1 + X1 represents

good substitute

* IN THE CONTEXT OF THE LAW OF DIMINISHING RETURNS

the technical optimum coincides with the maximum average yield, with the marginal return

* THE ELASTICITY OF THE ROLE OF THE OFFER PRICE TO WRITE Ceteris paribus

be between o and + ? if the function is linear with positive slope

* WHEN THE TOTAL AVERAGE COSTS UNDER THE COMPANY THAT ARE MARGINAL

an increase in the quantity produced will increase the average costs

* The fact that the demand functions are homogeneous of degree zero INVOLVED IN PRICES AND INCOME

than to changes in prices and income as provided in the consumer demand will not alter its

* DEMAND CURVE FACING THE INDUSTRY IS PERFECT CONPETENCIA

decreasing

* THE SUPPLY CURVE CURVE TO WORK THERE IS INVOLVED

that from a level of wages, reduce it further increases the labor supply

* BUSINESS BIDDERS PRICE

the price is determined by the amount that is produced

* THE SOLUTION OF THE BALANCE OF BILATERAL MONOPOLY

be indeterminate between theoretical solutions, limits on monopoly and monopsony

* The marginal costs of a company are ALWAYS

alos equal average variable costs and the total average in their respective minimum

* THE AVERAGE VARIABLE COST CURVE LONG TERM

is increasing from its minimum, because it assumes that besides the inefficiencies created

* GALBRAITH DEFINED AS POWER TO THE COUNTERBILING

the compensating aparción other powers, such as unions that counterbalance the enormous power of miltinacionlaes

* THE PATH OF A COMPANY NOTES EXPANCION

convinación of the optimal inputs at different levels of outputs

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