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UIUC / Finance / FAA 501 / UIUC - FAA 501 - Study Guide

UIUC - FAA 501 - Study Guide

UIUC - FAA 501 - Study Guide

Description

School: University of Illinois at Urbana - Champaign
Department: Finance
Course: Economics of Stock Market Fundamentals
Professor: Tatyana deryugina
Term: Summer 2015
Tags:
Cost: 50
Name: Study Guide for MT1
Description: DIVERSIFICATION Formulas ▯ Elastic demand j"j > 1 Return to Scale Utility Maximization Problem (UMP) ▯ Inelastic demand j"j < 1 - captures how e▯ciently production can be scaled up max x;yu(x; y)s:xp x y p y ▯ mx; y ▯ 0 ▯ Unit Elastic demand j"j = 1 Constant Return to Scale - a > 1 F(aK, aL) = aF(K, L) Increasing Return to Scale a > 1 F(aK, aL) > aF(K,L) Consumer decision theory ▯ Gi▯en Good " > 0s
Uploaded: 10/21/2015
3 Pages 76 Views 0 Unlocks
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