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2. Corner solution - Wikipedia

   en.wikipedia.org/wiki/Corner_solution

   Real world examples of a corner solution occur when someone says "I wouldn't buy that at any price", "Why would I buy X when Y is cheaper" or "I will do X no matter the cost", this could be for any number of reasons e.g. a bad brand experience, loyalty to a specific brand or when a cheaper version of the same good exists.

3. Microeconomics - Wikipedia

   en.wikipedia.org/wiki/Microeconomics

   Microeconomics analyzes the market mechanisms that enable buyers and sellers to establish relative prices among goods and services. Shown is a marketplace in Delhi. Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce ...

4. General equilibrium theory - Wikipedia

   en.wikipedia.org/wiki/General_equilibrium_theory

   In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium.

5. Microeconomic Theory (textbook) - Wikipedia

   en.wikipedia.org/wiki/Microeconomic_Theory...

   Microeconomic Theory by Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green is the standard US graduate level microeconomics textbook. First published in 1995, the book consists of five parts: Part I: Individual Decision-Making; Part II: Game Theory; Part III: Market Equilibrium and Market Failure; Part IV: General Equilibrium; Part V: Welfare Economics and Incentives.

6. Marginal revenue - Wikipedia

   en.wikipedia.org/wiki/Marginal_revenue

   Marginal revenue under perfect competition Marginal revenue under monopoly. The marginal revenue curve is affected by the same factors as the demand curve – changes in income, changes in the prices of complements and substitutes, changes in populations, etc. [15] These factors can cause the MR curve to shift and rotate. [16]

7. Returns to scale - Wikipedia

   en.wikipedia.org/wiki/Returns_to_scale

   In mainstream microeconomics, the returns to scale faced by a firm are purely technologically imposed and are not influenced by economic decisions or by market conditions (i.e., conclusions about returns to scale are derived from the specific mathematical structure of the production function in isolation). As production scales up, companies can ...

8. AP Microeconomics - Wikipedia

   en.wikipedia.org/wiki/AP_Microeconomics

   Multiple Choice: Students are given 70 minutes to complete 60 multiple choice questions which are weighted 2/3 (66.7%) of the total exam score. Free-Response: Students are allotted 10 minutes of planning then 50 minutes of writing for one long free-response question (weighted 50% of section score) and two short ones (weighted 25% section score ...

9. Marshallian demand function - Wikipedia

   en.wikipedia.org/wiki/Marshallian_demand_function

   In microeconomics, a consumer's Marshallian demand function (named after Alfred Marshall) is the quantity they demand of a particular good as a function of its price, their income, and the prices of other goods, a more technical exposition of the standard demand function.