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5 pages of hand-written PDF notes for MyEconLab Microeconomics by Pearson, Chapter 4: Economic Efficiency, Government Price Setting, and Taxes.
Subjects include:
- Consumer Surplus and Producer Surplus
- The Efficiency of Competitive Markets
- Government Intervention in the Market: Price Floors and Price Ceilings
- The Economic Impact of Taxes
Definitions include:
- price ceiling
- price floor
- consumer surplus
- producer surplus
- economic surplus
- deadweight loss
- economic efficiency
- ...
Chapter 4 Notes: Economic Efficiency, Government Price Setting, and Taxes
Last document update:
ago
5 pages of hand-written PDF notes for MyEconLab Microeconomics by Pearson, Chapter 4: Economic Efficiency, Government Price Setting, and Taxes.
Subjects include:
- Consumer Surplus and Producer Surplus
- The Efficiency of Competitive Markets
- Government Intervention in the Market: Price Floors and Price Ceilings
- The Economic Impact of Taxes
Definitions include:
- price ceiling
- price floor
- consumer surplus
- producer surplus
- economic surplus
- deadweight loss
- economic efficiency
- ...
4 pages of hand-written PDF notes for MyEconLab Microeconomics by Pearson, Chapter 12: Firms in Perfectly Competitive Markets.
Subjects include:
- How a Firm Maximizes Profit in a Perfectly Competitive Market
- Illustrating Profit or Loss on the Cost Curve Graph
- Deciding Whether to Produce or to Shut Down in the Short Run
- The Entry and Exit of Firms in the Long Run
- Perfect Competition and Efficiency
Definitions include:
- perfectly competitive market
- price taker
- average revenue
- ma...
Chapter 12 Notes: Firms in Perfectly Competitive Markets
Last document update:
ago
4 pages of hand-written PDF notes for MyEconLab Microeconomics by Pearson, Chapter 12: Firms in Perfectly Competitive Markets.
Subjects include:
- How a Firm Maximizes Profit in a Perfectly Competitive Market
- Illustrating Profit or Loss on the Cost Curve Graph
- Deciding Whether to Produce or to Shut Down in the Short Run
- The Entry and Exit of Firms in the Long Run
- Perfect Competition and Efficiency
Definitions include:
- perfectly competitive market
- price taker
- average revenue
- ma...
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