MicroeconomicsD.C. Heath, 1992 M06 1 - 572 páginas |
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Página 124
... utility function. It can be used to calculate marginal utility (col. 3). Note how marginal utility declines (from 80 to 5 utils) as the quantity consumed rises by successive units (from 0 to 6 Ib. of bread per week). The opposite is ...
... utility function. It can be used to calculate marginal utility (col. 3). Note how marginal utility declines (from 80 to 5 utils) as the quantity consumed rises by successive units (from 0 to 6 Ib. of bread per week). The opposite is ...
Página 127
... utility (top) or — what amounts to the same thing — with declining marginal utility (bottom). Note that the total utility associated with any given quantity consumed can be measured in two ways: as the height of the total-utility line ...
... utility (top) or — what amounts to the same thing — with declining marginal utility (bottom). Note that the total utility associated with any given quantity consumed can be measured in two ways: as the height of the total-utility line ...
Página 132
... marginal utility per dollar rather than the marginal utility per pound. The necessary information is found by dividing the marginal utility per pound (columns 2 and 5) by the price per pound, which yields the marginal utility each ...
... marginal utility per dollar rather than the marginal utility per pound. The necessary information is found by dividing the marginal utility per pound (columns 2 and 5) by the price per pound, which yields the marginal utility each ...
Contenido
PARTI BASIC CONCEPTS | 1 |
Marginalist Thinking | 8 |
1a The Use of Graphs in Economics | 23 |
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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