microeconomics cheat sheet full compact formula chart notes: use delta, for “ difference in”, and soft for differentials. did not go deep into topics that either. These are the 9 Key formulas you need to know for Microeconomics. Make sure you know them and download the Micro/Macro formula cheat sheet to help you.
Important Microeconomic Formulas. Total Product = Quantity (Q). Average Product (AP) = Total Product (Q) / Labour (L). Marginal Product (MP) = Change.
Formula Chart – AP Microeconomics. Unit 2 – Supply and Demand. Total Revenue = price x quantity. Coefficient of price elasticity of demand: % ∆ quantity .
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Microeconomics Equation Cheat Sheet Total Revenue o o Price x Quantity in Outputs Elasticity Midpoint Formula: % change quantity / % change price o.
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