MicroeconomicsD.C. Heath, 1992 M06 1 - 572 páginas |
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Página 230
... (column 1). The results are given in column (6) and reveal average variable cost first declining and then rising as total production expands. Given our particular production function (Table 1, columns 1-3), which shows unit increases in ...
... (column 1). The results are given in column (6) and reveal average variable cost first declining and then rising as total production expands. Given our particular production function (Table 1, columns 1-3), which shows unit increases in ...
Página 370
... column (3). Given data on output quantity Qa and output price P0 we can calculate the total revenue TR that is associated with alternative amounts of labor used. Note how column (4) equals column (2) multiplied by column (3). The extra ...
... column (3). Given data on output quantity Qa and output price P0 we can calculate the total revenue TR that is associated with alternative amounts of labor used. Note how column (4) equals column (2) multiplied by column (3). The extra ...
Página 372
... columns (7) to (10) indicate, the marginal revenue product of labor (previously calculated in column 5) always equals the marginal physical product of labor (as in column 8) multiplied by the firm's marginal revenue (as in column 9) ...
... columns (7) to (10) indicate, the marginal revenue product of labor (previously calculated in column 5) always equals the marginal physical product of labor (as in column 8) multiplied by the firm's marginal revenue (as in column 9) ...
Contenido
PARTI BASIC CONCEPTS | 1 |
Marginalist Thinking | 8 |
1a The Use of Graphs in Economics | 23 |
Derechos de autor | |
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alternative average total cost beef billion pounds bushels bushels/year buyers cancer screening capital resources chapter column Consider consumer surplus consumption corporate cost curves countries decrease demand line dollar economic profit economists elasticity of demand equal example export fall Figure firm's firms fixed cost gallons ginal given good's graph Ideas in History illustrates imports income increase indifference curve industry inputs isoquant Japanese labor market long-run lower mand marginal benefit marginal cost marginal physical product marginal revenue marginal utility market price maximize maximum ment million minimum monopoly nomic output own-price elasticity owners panel percent percentage perfectly competitive production possibilities frontier quantity demanded quantity supplied returns to scale rise scarcity sell sellers slope sources sumers supply line Table tariffs tion tive total revenue types U.S. government union units of steel variable cost wage workers zero