Click here to start Teachers instructions Instructions Satisficing
- Slides: 5
Click here to start Teacher’s instructions Instructions
Satisficing of 1 Keylevel Phrase output & profit Rise in fixed Key Phrase 2 costs Key. Falling Phrase 3 demand (AR) Draw Context diagram Perfect competition long run MES for perfect competition Cartel pricing Draw diagram Outward shift of AR Fall in variable costs External economies Draw diagram
Click handle to start Key Phrase 1 0 Key Phrase 2 0 Key Phrase 3 0 Draw Context diagram Satisficing level of output & profit Monopoly profit A sugar tax on suppliers Draw diagram Perfect competition MES for Outward Rise Falling Fall inrun in fixed shift long perfect variable demand of costs AR costs (AR) competition External Consumer economies Diseconomie Monopolistic ATC Revenue when surplus in s of scale maximisation MC comp is (LR) zero monopoly MES for a natural Monopoly Rise in Fall Sales Profit in fixed monopoly profit with low variable costs maximisation costs Ped Draw diagram Price cap on monopoly Cartel pricing Shut down price Winner! Draw diagram Draw
Key Phrase Context Fall in fixed costs Draw diagram A sugar tax on suppliers Draw diagram Shut down price Draw diagram Diseconomies of scale Draw diagram Outward shift of AR Draw diagram Rise in variable costs Draw diagram Perfect competition long run Draw diagram Cartel pricing Draw diagram Falling demand (AR) Draw diagram Monopoly profit Draw diagram Revenue maximisation Draw diagram Consumer surplus in monopoly Draw diagram Monopolistic comp (LR) Draw diagram Profit maximisation Draw diagram Satisficing level of output & profit Draw diagram Monopoly profit with low Ped Draw diagram Rise in fixed costs Draw diagram Fall in variable costs Draw diagram Price cap on monopoly Draw diagram ATC when MC is zero Draw diagram MES for a natural monopoly Draw diagram External economies Draw diagram MES for perfect competition Draw diagram Sales maximisation Draw diagram Sub normal profit Draw diagram SLOT MACHINE – Teacher’s instructions In ‘Normal mode’ of Powerpoint, you are able to edit the ‘key phrases’ in column one. You can edit the ‘Context’ in column two. Click the button below to clear the table. Click here to clear the table
SLOT MACHINE – INSTRUCTIONS
