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Topic covered for test 2

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by: Jamie Lee

Topic covered for test 2 ECON 8100

Marketplace > Georgia State University > ECON 8100 > Topic covered for test 2
Jamie Lee

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About this Document

These notes cover what's going to be on our second exam
Applied Microeconomic analysis
Dr. Husain
Study Guide
50 ?




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1 review
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"Can you just teach this course please? lol :)"
Kolby Kuhn

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This 1 page Study Guide was uploaded by Jamie Lee on Wednesday January 6, 2016. The Study Guide belongs to ECON 8100 at Georgia State University taught by Dr. Husain in Fall 2015. Since its upload, it has received 28 views.

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Reviews for Topic covered for test 2

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Can you just teach this course please? lol :)

-Kolby Kuhn


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Date Created: 01/06/16
Topics covered for exam 2  Compensating variation and equivalent variation of income  Production with short and long run  MRTS and marginal productivities  Returns to scale  Elasticity of substitution  Different kind of production functions  Lagrange method to find out optimal input choice  Firms expansion path  Different types of cost function in short run and long run  Properties of cost function  Long run cost curve  Profit maximization  Marginal revenue and elasticity  P, MC and elasticity relation  Short run profit maximization  Firs supply curve  Producer surplus  Envelope theorem  Price control  Effect of tax and subsidy  Tariff and Quota  All problems related to cost, production and profit.  Whatever I cover in last class


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