More cards in this set

Card 6

Front

Define fixed costs

Back

Preview of the front of card 6

Card 7

Front

Define variable costs

Back

Preview of the front of card 7

Card 8

Front

Define total costs

Back

Preview of the front of card 8

Card 9

Front

Define total revenue

Back

Preview of the front of card 9

Card 10

Front

Define average revenue

Back

Preview of the front of card 10

Card 11

Front

Define marginal revenue

Back

Preview of the front of card 11

Card 12

Front

Define normal profit

Back

Preview of the front of card 12

Card 13

Front

Define abnormal profit

Back

Preview of the front of card 13

Card 14

Front

Define short run

Back

Preview of the front of card 14

Card 15

Front

Define long run

Back

Preview of the front of card 15