MicroeconomicsD.C. Heath, 1992 M06 1 - 572 páginas |
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Página 149
... percentage in all cases: $6 to $4 and 600<t to 400<t represent the same percentage decline (33.33 percent of the original price). Whether quantity is expressed in pounds/year (panels a and c) or in ounces/year (panel b), the quantity ...
... percentage in all cases: $6 to $4 and 600<t to 400<t represent the same percentage decline (33.33 percent of the original price). Whether quantity is expressed in pounds/year (panels a and c) or in ounces/year (panel b), the quantity ...
Página 150
... percentage change in the good's quantity demanded divided by the associated percentage change in the good's own price that causes it, all else being equal. A Numerical Example Let us designate the quantity demanded of any good a by QDa ...
... percentage change in the good's quantity demanded divided by the associated percentage change in the good's own price that causes it, all else being equal. A Numerical Example Let us designate the quantity demanded of any good a by QDa ...
Página 171
... percentage terms. Any type of elasticity is then defined as the percentage change in quantity divided by the percentage change in whatever variable causes the quantity change — all else being equal. 3. The own-price elasticity of demand ...
... percentage terms. Any type of elasticity is then defined as the percentage change in quantity divided by the percentage change in whatever variable causes the quantity change — all else being equal. 3. The own-price elasticity of demand ...
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