MicroeconomicsD.C. Heath, 1992 M06 1 - 572 páginas |
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Página 200
... inputs used during a period and the maximum possible output quantities associated with each of these input combinations, given the state of technical knowledge. A ... Inputs Versus Variable Inputs Total Product Versus Marginal Product.
... inputs used during a period and the maximum possible output quantities associated with each of these input combinations, given the state of technical knowledge. A ... Inputs Versus Variable Inputs Total Product Versus Marginal Product.
Página 211
... inputs leads to an identical percentage change in its physical output, a firm's production function is said to exhibit constant returns to scale. Note how, in this example, the doubling of all inputs also doubles total output. When ...
... inputs leads to an identical percentage change in its physical output, a firm's production function is said to exhibit constant returns to scale. Note how, in this example, the doubling of all inputs also doubles total output. When ...
Página 217
... inputs to create output. The technical possibilities can be summarized by a production function that relates alternative input combinations used during a period to maximum possible output quantities associated with each, given the state ...
... inputs to create output. The technical possibilities can be summarized by a production function that relates alternative input combinations used during a period to maximum possible output quantities associated with each, given the state ...
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