Economics - Elasticity, Production Function, Short Run and Long Run - Custom Scholars
Order Now
Home » Flash Cards » Economics – Elasticity, Production Function, Short Run and Long Run

Economics – Elasticity, Production Function, Short Run and Long Run

question
Elasticity of Demand
answer
% change in QD/% change in price
question
Percent change in Quantity Demanded
answer
change in QD/initial QD x 100
question
Percent change in Price
answer
change in P/initial P x 100
question
Midpoint Formula
answer
[Change in Q/(Q + Q1)/2]/[Change in P/(P + P1)/2
question
Total Revenue
answer
P x QD
question
Income Elasticity of Demand
answer
% change in QD/% change in income
question
Cross Price Elasticity of Demand
answer
% change in QD of one good/% change in P of other good
question
Price Elasticity of Supply
answer
% change in QS/% change in P
question
Accounting Profit
answer
TR - explicit costs
question
Economic Profit
answer
TR - explicit costs - implicit costs
question
Marginal Product of Labor
answer
change in TPL/change in labor
question
Average Product of Labor
answer
TPL/L
question
Total Cost
answer
total fixed costs + total variable costs
question
Marginal Cost
answer
[change in TC/ TVC]/[output produced]
question
Average Fixed Cost
answer
TFC/output
question
Average Variable Cost
answer
TVC/output
question
Average Total Cost
answer
total cost/output
question
Marginal Revenue
answer
change in revenue generated/change in ouput
1 of 18
question
Elasticity of Demand
answer
% change in QD/% change in price
question
Percent change in Quantity Demanded
answer
change in QD/initial QD x 100
question
Percent change in Price
answer
change in P/initial P x 100
question
Midpoint Formula
answer
[Change in Q/(Q + Q1)/2]/[Change in P/(P + P1)/2
question
Total Revenue
answer
P x QD
question
Income Elasticity of Demand
answer
% change in QD/% change in income
question
Cross Price Elasticity of Demand
answer
% change in QD of one good/% change in P of other good
question
Price Elasticity of Supply
answer
% change in QS/% change in P
question
Accounting Profit
answer
TR - explicit costs
question
Economic Profit
answer
TR - explicit costs - implicit costs
question
Marginal Product of Labor
answer
change in TPL/change in labor
question
Average Product of Labor
answer
TPL/L
question
Total Cost
answer
total fixed costs + total variable costs
question
Marginal Cost
answer
[change in TC/ TVC]/[output produced]
question
Average Fixed Cost
answer
TFC/output
question
Average Variable Cost
answer
TVC/output
question
Average Total Cost
answer
total cost/output
question
Marginal Revenue
answer
change in revenue generated/change in ouput
Continue to order Get a quote

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code BEGOOD

Order Now
seoartvin escortizmir escortelazığ escortbacklink satışbacklink saleseskişehir oto kurtarıcıeskişehir oto kurtarıcıoto çekicibacklink satışbacklink satışıbacklink satışbacklink