Intermediate Microeconomic
Theory
Dr.
Dao
·
Average product and Marginal product
·
Factor contributing to high labor productivity in the U.S. vs. rest of
the world
·
Slope of isocost curve
·
Optimal combination of two inputs
·
Equation of isocost line
·
Profit-maximizing output
·
Perfect competition
·
Producer surplus
·
Consumer surplus
·
Price ceiling
·
Revenue maximization
·
Price discrimination
·
Perfect first-degree price discrimination
·
Third-degree price discrimination