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Esse mapa conceitual, produzido no IHMC CmapTools, tem a informação relacionada a: Economics Block 2, Short Run additional output from each additional input Marginal Product, Marginal Product addition to total profit resulting from one more unit of output Marginal Profit, Long Run most cost become, changes in capital and labor commitments Variable Cost, Monopoly resources, impediments Barriers to entry, Market only one supplier, there is no substitute Monopoly, Diminishing Marginal Returns it is compatible with any sort of Economies of Scale, Marginal Product increase in total cost for the production of one more unit Marginal Cost, RESSOURCES instrument provide by nature to create Goods or Products, Externalities has unintended effects Efficiency, Producer Surplus decisions for input and output Long Run, Monopoly when large scale of production make it possible for a single firm to produce output Natural Monopoly, RESSOURCES Allocation of resourses No waste Efficiency, Marginal Product an increase in the amount of any input lower marginal returns Diminishing Marginal Returns, Average Total Cost quantity of output is double when input quantities are double Economies of Scale, Goods or Products different between value of the commodity to the consumer and the market value. Consumer Surplus, Economic Profit most be zero. Is the horizontal sum of supply curves of individuals firms. Industry Supply Curve, Short Run shows the lowest possible short run average cost AverageVariable Cost, Short Run cost cannot be varied, even if the output amount changes Fixed Cost, Market characteristic of perfect competion and monopoly Oligopoly, Market many smalls firms selling differents products Monopolistic Competition