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). |
Dentro del libro
Resultados 1-5 de 92
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... cost of holding such huge stores, Congress passed food stamp and school ... marginal analysis, a technique that does the work of the mathematical ... Marginal Revenue (the increment to receipts when it increases output) against its ...
... cost of holding such huge stores, Congress passed food stamp and school ... marginal analysis, a technique that does the work of the mathematical ... Marginal Revenue (the increment to receipts when it increases output) against its ...
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... Marginal Cost and Average Cost at all levels of output). Using the data of Table 2.2, verify that Q = 2 is the best output to produce. ANSWER: Starting from output Q = 2, the table indicates that over the “upward interval” (from Q = 2 ...
... Marginal Cost and Average Cost at all levels of output). Using the data of Table 2.2, verify that Q = 2 is the best output to produce. ANSWER: Starting from output Q = 2, the table indicates that over the “upward interval” (from Q = 2 ...
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... cost, Proposition 2.1c suggests how economists solve optimization problems ... marginal benefit of another pound (or fraction thereof) against the ... marginal magnitude must lie below it. Think of the average weight of people in a room ...
... cost, Proposition 2.1c suggests how economists solve optimization problems ... marginal benefit of another pound (or fraction thereof) against the ... marginal magnitude must lie below it. Think of the average weight of people in a room ...
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... Cost ( C ) C Point of smallest slope along C curve K L Line of smallest slope from origin to the C curve 0 Quantity L ' MC 1 AC Point of lowest AC K ' Point of lowest MC 0 Quantity ... Marginal Cost. Lastly, the ray from the origin to point.
... Cost ( C ) C Point of smallest slope along C curve K L Line of smallest slope from origin to the C curve 0 Quantity L ' MC 1 AC Point of lowest AC K ' Point of lowest MC 0 Quantity ... Marginal Cost. Lastly, the ray from the origin to point.
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... cost curve has the same slope as the cost curve itself at point L. This means that here Marginal Cost = Average Cost, confirming Proposition 2.2c. The following Example describes a policy error seemingly due to ignorance of marginal ...
... cost curve has the same slope as the cost curve itself at point L. This means that here Marginal Cost = Average Cost, confirming Proposition 2.2c. The following Example describes a policy error seemingly due to ignorance of marginal ...
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