FORMULAE ECON OMICS
Average fixed cost:
Average revenue:
Average total cost:
Average variable cost:
Comparing infla9on over 9me:
Consumer prices index (CPI):
Cross-price elas9city of demand:
Entry point:
Exit point:
Gross domes9c product (expenditure
method):
GDP deflator:
Growth rate of real GDP:
Income elas9city of demand:
Labour force par9cipa9on rate:
Marginal propensity to consume:
∆Y = M x ∆G
Marginal cost:
Marginal product of capital:
Marginal product of a factor:
Marginal product of labour:
Marginal revenue:
Market equilibrium:
Mul9plier (k):
Net exports:
Opportunity cost:
