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Bundle - Economics 115 Yale Verified A+
Bundle - Economics 115 Yale Verified A+
[Show more]Bundle - Economics 115 Yale Verified A+
[Show more]Economics 115 Final- Yale Verified 
opportunity cost ️️the value of a resource/good in its "next best use". For example, the 
opportunity cost of completing a problem set is the time that you would otherwise allocate to, e.g., 
watching a Yale football game. The opportunity cost of an e...
Preview 2 out of 11 pages
Add to cartEconomics 115 Final- Yale Verified 
opportunity cost ️️the value of a resource/good in its "next best use". For example, the 
opportunity cost of completing a problem set is the time that you would otherwise allocate to, e.g., 
watching a Yale football game. The opportunity cost of an e...
Economics 115 Final- Yale Verified A+ 
opportunity cost ️️the value of the next best choice 
law of demand ️️as the price of a good increases, consumers' demand for that good should 
decrease 
complement good ️️a good that is purchased and used in combination with another good; wh...
Preview 2 out of 8 pages
Add to cartEconomics 115 Final- Yale Verified A+ 
opportunity cost ️️the value of the next best choice 
law of demand ️️as the price of a good increases, consumers' demand for that good should 
decrease 
complement good ️️a good that is purchased and used in combination with another good; wh...
Yale Microeconomics 115 Final Exam 
Good and bad news of marginal revenue ️️-Good: sells an additional unit (gains p1) -Bad: All previous units are now cheaper (loses deltaP(Q1)) 
Marginal revenue in perfect competition ️️only need to think about prices 
MR(Q)= P2 + deltaP/deltaQ(Q1) 
f...
Preview 2 out of 15 pages
Add to cartYale Microeconomics 115 Final Exam 
Good and bad news of marginal revenue ️️-Good: sells an additional unit (gains p1) -Bad: All previous units are now cheaper (loses deltaP(Q1)) 
Marginal revenue in perfect competition ️️only need to think about prices 
MR(Q)= P2 + deltaP/deltaQ(Q1) 
f...
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