Duke Micro Econ Chapter 141.0.0 - Google Play
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Publisher Description
competitive market equilibrium, short and long entry & exit, market adjustments
Animated and verbal exploration of market equilibrium in perfect competition and how such markets adjust when the equilibrium is disturbed by a change in conditions such as changes in demand and production costs. Overall industry equilibrium is traced through labor and factor market equilibrium to equilibrium in a perfectly competitive industry which employs these inputs to demand and supply equilibrium.
The distinction between short run and long run equilibrium for firms is explored and the short run vs. long run exit conditions are examined and illustrated.
This app contains 12 animated graphs with voice over that plays as graphs are drawn. Users can jump ahead to which ever graph or portion of graph is of interest.
Useful for any undergrad micro economics.
Developed in conjunction with Professor Thomas Nechyba for the Micro Economics curriculum, Department of Economics, Duke University, Durham, NC
About Duke Micro Econ Chapter 14
The company that develops Duke Micro Econ Chapter 14 is econweb.com. The latest version released by its developer is 1.0.0.
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version 1.0.0
posted on 2016-10-31
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