Understanding Economics Ncea 3: Student Book Part A Revised: Resource Allocation Via The Market System (Year 13 Ncea Level 3)
Author: Dan Rennie
Stock information
General Fields
: $29.99 NZD
: 9780170131902
: cengage
: cengage
:
:
: 03 November 2006
:
: 29.99
:
:
:
: books
Special Fields
:
:
: Dan Rennie
:
: Paperback
:
:
:
:
:
:
:
:
:
:
:
:
9780170131902
Description
Achievement Standard 3.1 Understand marginal analysis and the behaviour of firms: Demand Utility Supply The size of a firm's operation Types of market structures, price and non-price competition Revenue for perfect and imperfect competition Cost and cost curves Economic and accounting profit - marginal analysis Equilibrium for firms over time
Achievement standard 3.2 Describe and illustrate the market and allocative efficiency: Price elasticity of demand, Ep Cross elasticity of demand, Ecross Income elasticity of demand, Ey Price elasticity of supply, Es The economic problem and production possibility curves Market equilibrium Consumer surplus, producer surplus Price controls and the market Sales tax and the market Subsidy and the market Trade and the market Wages and the labour market
