Patrycjaszymla
On this page, you find all documents, package deals, and flashcards offered by seller patrycjaszymla.
- 2
- 0
- 0
Community
- Followers
- Following
2 items
Economics- The Consumer Behavior- Summary notes
This document is an essential resource for understanding how consumers make purchasing decisions in economic contexts, packed with detailed explanations and practical examples. Here’s what you’ll find: 1. Standard Economic Model: - Explanation of the classical theory of consumer behavior, based on rational decision-making. - Key assumptions like utility maximization, self-interest, and how income and prices shape consumer choices. 2. Value, Utility, and Marginal Utility: - ...
- Book
- Summary
- • 8 pages •
This document is an essential resource for understanding how consumers make purchasing decisions in economic contexts, packed with detailed explanations and practical examples. Here’s what you’ll find: 1. Standard Economic Model: - Explanation of the classical theory of consumer behavior, based on rational decision-making. - Key assumptions like utility maximization, self-interest, and how income and prices shape consumer choices. 2. Value, Utility, and Marginal Utility: - ...
Applied Economics- Microeconomics- Elasticities of Demand and Supply- Summary notes
This document provides a comprehensive overview of elasticities, a key concept in economics, summarizing the notes on various types of elasticities, including price elasticity of supply (PES), price elasticity of demand (PED), income elasticity of demand (YED), and cross-price elasticity of demand (XED). It explains the formula, determinants, ranges, and includes graphical representations where applicable. The document also discusses how expenditure and total revenue are connected to elasticitie...
- Summary
- • 7 pages •
This document provides a comprehensive overview of elasticities, a key concept in economics, summarizing the notes on various types of elasticities, including price elasticity of supply (PES), price elasticity of demand (PED), income elasticity of demand (YED), and cross-price elasticity of demand (XED). It explains the formula, determinants, ranges, and includes graphical representations where applicable. The document also discusses how expenditure and total revenue are connected to elasticitie...