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Card 6

Front

How do you calculate Total Costs?

Back

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Card 7

Front

How do you calculate Average Costs (AC)?

Back

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Card 8

Front

What is the Marginal Cost (MC)?

Back

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Card 9

Front

Where is productive efficieny on the cost curves?

Back

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Card 10

Front

What are short run factors?

Back

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Card 11

Front

What are long run factors?

Back

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Card 12

Front

How do you calculate Total Revenue (TR)?

Back

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Card 13

Front

How do you calculate Average Revenue (AR)?

Back

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Card 14

Front

What is Marginal Revenue (MR)?

Back

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Card 15

Front

What is Normal Profit?

Back

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