Price Theory and Applications: Decisions, Markets, and InformationCambridge University Press, 2005 M09 12 - 630 páginas This new seventh edition of the book offers extensive discussion of information, uncertainty, and game theory. It contains over a hundred examples illustrating the applicability of economic analysis not only to mainline economic topics but also issues in politics, history, biology, the family, and many other areas. These discussions generally describe recent research published in scholarly books and articles, giving students a good idea of the scientific work done by professional economists. In addition, at appropriate places the text provides 'applications' representing more extended discussions of selected topics including rationing in wartime (Chapter 5), import quotas (Chapter 7), alleged monopolistic suppression of inventions (Chapter 9), minimum wage laws (Chapter 11), the effects of Social Security upon saving (Chapter 15), fair division of disrupted property (Chapter 16) and whether individuals should pay ransom to a kidnapper (Chapter 17). |
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... fixed dollar amount for each unit of the good sold) and a proportionate tax (a fixed percent of the price). EFFECTS OF A PER-UNIT TAX A tax in the amount of T per unit sold creates a gap of T between the price paid by the buyers (the ...
... fixed dollar amount for each unit of the good sold) and a proportionate tax (a fixed percent of the price). EFFECTS OF A PER-UNIT TAX A tax in the amount of T per unit sold creates a gap of T between the price paid by the buyers (the ...
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... fixed ceiling. exceeds the quantity supplied than Q * . An effective price floor thus creates. Figure 2.9. Ceilings and Floors In comparison with the unregulated equilibrium price P* and quantity Q*, panel (a) pictures an effective price ...
... fixed ceiling. exceeds the quantity supplied than Q * . An effective price floor thus creates. Figure 2.9. Ceilings and Floors In comparison with the unregulated equilibrium price P* and quantity Q*, panel (a) pictures an effective price ...
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... fixed costs are positive , Average Cost AC = C / Q is infinite at the vertical axis where Q = 0. ) In the upper diagram , anywhere to the left of L a ray from the origin to the cost curve is steeper than the slope of the cost curve ...
... fixed costs are positive , Average Cost AC = C / Q is infinite at the vertical axis where Q = 0. ) In the upper diagram , anywhere to the left of L a ray from the origin to the cost curve is steeper than the slope of the cost curve ...
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... fixed amount of time per season that can be devoted to foraging , it will want to maximize y / t , the Average Yield over all resource patches , where t is the sum of the dead time and stay time per patch . As with all average ...
... fixed amount of time per season that can be devoted to foraging , it will want to maximize y / t , the Average Yield over all resource patches , where t is the sum of the dead time and stay time per patch . As with all average ...
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Contenido
QUESTIONS | |
Equilibrium in the Product Market Competitive Industry | |
QUESTIONS | |
Consumption and Demand | |
SUMMARY | |
Términos y frases comunes
aggregate amount budget line buyers cartel Chapter choice choose commodity competitive condition Consumer Surplus consumption corresponding Cost curve Cost function demand curve diagram economic profit economic rent economists efficiency loss elasticity endowment Engel Curve equal equation equilibrium price example exchange EXERCISE Expansion Path expected Figure firm firm’s fixed higher hire-price horizontal income increase indifference curve individual industry input intersection investment labor less long-run lower Marginal Cost Marginal Cost curve Marginal Product Marginal Revenue Marginal Utility Mathematical Footnote maximize monopolist monopolistic competition monopoly Nash equilibrium oligopoly optimal optimum output q Panel payoffs player positive possible preferences price-taking Producer Surplus production function profit-maximizing rational Reaction Curves reduce represents rises sellers shift short-run shows slope solution strategy suppliers supply curve Suppose Surplus and Producer Table tangency Total Cost Total Revenue trade unit Variable Cost versus vertical axis wage workers zero