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

Textbook Notes for Marc Lieberman

  • 12 Results
  • About NYU
NYUECON-UA 2Marc LiebermanSpring

ECON-UA 2 Chapter Notes - Chapter 7: Variable Cost, Opportunity Cost, Marginal Product

OC5414712 Page
11 Apr 2016
15
Organizations owned and operated by private individuals that specialize in production. Production is the process of combining inputs to make goods and
View Document
NYUECON-UA 2Marc LiebermanFall

ECON-UA 2 Chapter Notes - Chapter 10: Fokker E.Ii, Longrun, Monopoly Price

OC5092273 Page
7 Apr 2016
19
View Document
NYUECON-UA 2Marc LiebermanFall

ECON-UA 2 Chapter Notes - Chapter 9: Perfect Competition, Demand Curve, Market Power

OC5092275 Page
7 Apr 2016
23
Chapter 9 perfect competition: what is perfect competition, 4 requirements of perfect competition i. Sellers offer a standardized product: buyers do no
View Document
NYUECON-UA 2Marc LiebermanFall

ECON-UA 2 Chapter Notes - Chapter 8: Profit Maximization, Marginal Revenue, Demand Curve

OC5092273 Page
6 Apr 2016
32
How firms make decisions: profit maximization: the goal of profit maximization, goal is to maximize its owners" profit, understanding profit, profit: f
View Document
NYUECON-UA 2Marc LiebermanFall

ECON-UA 2 Chapter Notes - Chapter 7: Diminishing Returns, Sunk Costs, Active Valve Control System

OC5092275 Page
6 Apr 2016
12
Chapter 7: production & cost: production is the process of combining inputs to make goods & services a. Inputs include the four resources: technology &
View Document
NYUECON-UA 2Marc LiebermanFall

ECON-UA 2 Chapter Notes - Chapter 13: Demand Curve, Retained Earnings

OC5092274 Page
12 May 2016
8
Chapter 13: physical capital & the firm"s investment decision, a first, simple approach: renting capital a. i. The marginal approach to profit states t
View Document
NYUECON-UA 2Marc LiebermanSpring

ECON-UA 2 Chapter Notes - Chapter 10: Oligopoly, Externality, Market Power

OC5414713 Page
12 Apr 2016
18
One firm in the market (monopoly)-a few firms in the market (oligopoly)1. Economies of scale (increasing production leads to a decrease in average cost
View Document
NYUECON-UA 2Marc LiebermanFall

ECON-UA 2 Chapter Notes - Chapter 15: Coase Theorem, Natural Monopoly, Market Power

OC5092275 Page
14 May 2016
12
Chapter 15: the legal & regulatory infrastructure, the legal system a. i. a. ii. Economically, the law encourages people to channel their efforts into
View Document
NYUECON-UA 2Marc LiebermanFall

ECON-UA 2 Chapter Notes - Chapter 14: Pareto Efficiency, Economic Surplus, Productive Efficiency

OC5092273 Page
14 May 2016
14
Economic efficiency: a situation in which every possible pareto improvement is being exploited: side payments & pareto improvements b. i. b. ii. If any
View Document
NYUECON-UA 2Marc LiebermanFall

ECON-UA 2 Chapter Notes - Chapter 11: Wtwo, Strategic Dominance, Price Fixing

OC5092275 Page
12 May 2016
4
Perfect competition offers a standardized product, but in monopolistic competition, each seller produces a somewhat different product from the other. C
View Document
NYUECON-UA 2Marc LiebermanSpring

ECON-UA 2 Chapter Notes - Chapter 8: Marginal Cost, Opportunity Cost, Profit Maximization

OC5414713 Page
12 Apr 2016
11
View Document
NYUECON-UA 2Marc LiebermanSpring

ECON-UA 2 Chapter Notes - Chapter 9: Demand Curve, Market Power, Perfect Competition

OC5414713 Page
12 Apr 2016
24
There are large numbers of buyers and sellers, and each buys or sells only a tiny fraction of the total quantity in the market. Sellers can easily ente
View Document

Textbook Notes (280,000)
US (110,000)
NYU (500)
Marc Lieberman (10)