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GCSE
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Card 6
Front
WHAT IS THE TOTAL SURPLUS EQN?
Back
Card 7
Front
WHAT IS ECONOMIC EFFICIENCY?
Back
Card 8
Front
what maximises total surplus?
Back
Card 9
Front
what happens if Q is greater than or lower than Q*?
Back
Card 10
Front
what must this make true then?
Back
Card 11
Front
what does the 1st fundamental welfare theorm tells us?
Back
Card 12
Front
what is the theorm?
Back
Card 13
Front
what does the 1st fundamental theorm assume?
Back
Card 14
Front
what is an externality?
Back
Card 15
Front
what distinction is needed?
Back
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