Crash COurse Economics 18: Marginal Analysis Flashcards

1

How is the amount of satisfaction measured in Microeconomics?

2

The law of diminishing marginal unity means?

3

Elasticity of demand is?

4

Why are diamonds more valuable than water?

5

When we replace items do to cost with a similar choice, it’s called?

6

What does Utility Mean?

7

An analysis of how individuals, businesses, and Government make decisions is?

8

The increase in Price of an item will cause producers to produce more, that’s called?

9

Elasticity of supply is?

10

Which branch of Economics is more important? Macro or Micro…..

Crash COurse Economics 18: Marginal Analysis