Demand Curve Shift Factors

Supply Curve shift factors

What are the two types of monetary policy

Consumer utility maximization fn
&
What is the equation of the consumer's constraints

Demand Fn for Goods X & Y, for a utility maximizing consumer

Quantity Demanded (movement along demand curve) factors

Production Fn

What is Average Product

What is the Average Product equation

What is the Marginal Product of labor

What is the equation for the Marginal Product of labor

Diminishing Marginal Product

The optimal quantity of labor for a firm is where which two curves meet?

Economic Profit =

Two ways to Maximize Profit

Cost Fn =

Average Cost

Marginal Cost

If MC > AVG Cost the...

If MC < AVG Cost =