MicroeconomicsD.C. Heath, 1992 M06 1 - 572 páginas |
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Página 26
... increase in price. Thus, a 1 billion pound increase in the quantity of beef supplied is associated with a 1/2 dollar, or 50 cent, increase in price. CAUTION Slope must be measured according to the units employed on the two axes, not in ...
... increase in price. Thus, a 1 billion pound increase in the quantity of beef supplied is associated with a 1/2 dollar, or 50 cent, increase in price. CAUTION Slope must be measured according to the units employed on the two axes, not in ...
Página 240
... increase in all inputs and total cost is associated with a larger percentage increase in output and therefore with lower average total cost. Consider points a, b, and c in Figure 8, which indicate how larger outputs can be produced in ...
... increase in all inputs and total cost is associated with a larger percentage increase in output and therefore with lower average total cost. Consider points a, b, and c in Figure 8, which indicate how larger outputs can be produced in ...
Página 241
... increase of all inputs (blueprint 41) may increase output by a smaller percentage than total cost, thereby raising minimum achievable average total cost to $4/bushel (point e). Similarly, a further proportionate increase of all inputs ...
... increase of all inputs (blueprint 41) may increase output by a smaller percentage than total cost, thereby raising minimum achievable average total cost to $4/bushel (point e). Similarly, a further proportionate increase of all inputs ...
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