Exams are coming!
Get ready with premium notes and study guides!

Textbook Notes for Yongmin Chen

CU-BOULDERECON 3070Yongmin ChenFall

ECON 3070 Chapter 15: ECON3070 Chapter15

OC25562274 Page
18 Jan 2019
0
View Document
CU-BOULDERECON 3070Yongmin ChenFall

ECON 3070 Chapter 13: ECON3070 Chapter13

OC25562276 Page
18 Jan 2019
0
Homogeneous products oligopoly ex, u. s. glass container market. Di erentiated products oligopoly ex, breakfast cereal market quantitative metrics to d
View Document
CU-BOULDERECON 3070Yongmin ChenFall

ECON 3070 Chapter Notes - Chapter 3: Utility, Substitute Good

OC25562273 Page
18 Jan 2019
0
1 they are complete, so that the consumer is able to rank all baskets. Total utility and marginal utility cannot be plotted on the same graph having di
View Document
CU-BOULDERECON 3070Yongmin ChenFall

ECON 3070 Chapter Notes - Chapter 8: Marginal Cost, Root Mean Square, Variable Cost

OC25562274 Page
18 Jan 2019
0
<long-run total cost curve> long-run total cost curve: a curve that shows how total cost varies with output, holding input prices. Xed and choosing all
View Document
CU-BOULDERECON 3070Yongmin ChenFall

ECON 3070 Chapter 10: ECON3070 Chapter10

OC25562273 Page
18 Jan 2019
0
View Document
CU-BOULDERECON 3070Yongmin ChenFall

ECON 3070 Chapter 7: ECON3070 Chapter07

OC25562274 Page
18 Jan 2019
0
7. 1 cost concepts got decision making explicit costs: costs that involve a direct monetary outlay implicit costs: costs that do not involve outlays of
View Document
CU-BOULDERECON 3070Yongmin ChenFall

ECON 3070 Chapter 9: ECON3070 Chapter09

OC25562276 Page
18 Jan 2019
0
1. fragmented industry: an industry that consists of many small buyers and sellers each seller"s input purchases are so small that they have an imperce
View Document
CU-BOULDERECON 3070Yongmin ChenFall

ECON 3070 Chapter Notes - Chapter 6: Diminishing Returns, Production Function, Marginal Product

OC25562275 Page
18 Jan 2019
0
<total product function> total product function: a production function. <marginal and average product> average product of labor: the average amount of
View Document
CU-BOULDERECON 3070Yongmin ChenFall

ECON 3070 Chapter 4: ECON3070 Chapter04

OC25562272 Page
18 Jan 2019
0
4. 1 budget constraint budget constraint: the set of baskets that a consumer can purchase with a limited amount of income. Pxx+pyy i budget line: the s
View Document
CU-BOULDERECON 3070Yongmin ChenFall

ECON 3070 Chapter Notes - Chapter 14: Nash Equilibrium, Strategic Dominance, Microeconomics

OC25562274 Page
18 Jan 2019
0
Doesn"t necessarily correspond to the outcome that maximizes the aggregate pro t of the players. <the prosoners" dilemma> prisoners" dilemma: a game si
View Document
CU-BOULDERECON 3070Yongmin ChenFall

ECON 3070 Chapter 12: ECON3070 Chapter12

OC25562274 Page
18 Jan 2019
0
View Document
CU-BOULDERECON 3070Yongmin ChenFall

ECON 3070 Chapter 2: ECON3070 Chapter02

OC25562274 Page
18 Jan 2019
0
2. 1 demand, supply, and market equilibrium the model of perfect competition = model of price-taking behavior a market can be characterized along three
View Document

Textbook Notes (280,000)
US (110,000)
ECON (30)
Yongmin Chen (10)