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Card 6

Front

what is division of labour

Back

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Card 7

Front

what are advantages of specialisation

Back

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Card 8

Front

what are disadvantages of specialisation

Back

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Card 9

Front

what is money

Back

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Card 10

Front

what are fixed costs/variable costs/total costs

Back

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Card 11

Front

what is the short run/long run in MICRO

Back

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Card 12

Front

how do you calculate: ATC/AVC/AFC

Back

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Card 13

Front

what is total product/marginal product

Back

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Card 14

Front

what is the law of diminishing returns(IN THE SHORT RUN)

Back

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Card 15

Front

what are returns to scale

Back

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