Microeconomics
vorbereitung klausur wintersemester 2016
vorbereitung klausur wintersemester 2016
104
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Fichier Détails
| Cartes-fiches | 104 |
|---|---|
| Langue | English |
| Catégorie | Gestion d'entreprise |
| Niveau | Université |
| Crée / Actualisé | 03.01.2017 / 01.01.2018 |
| Attribution de licence | Non précisé |
| Lien de web |
https://card2brain.ch/box/20170103_microeconomics
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Def Opportunity Costs
The cost of the best alternative that we forgo, or give up, when we make a choice or a decision
Def Marginalism
The process of analysing the additional or incremental costs or benefits arising from a choice or decision
Def Efficient Markets
A market in which profit opportunities are eliminated almost instantaneously
Two Types of Needs
material things and services versus immaterial things
two types of goods
consumer goods versus capital goods
opposite scarce goods
free goods
what information does the price of a scarce good give?
level of scarcity
two types of prices?
nominal price versus real price
