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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... Suppose that employers do not know whether a particular worker will be a good match for the firm without interviewing the worker . How do you think this would affect the unemployment rate ? b . Suppose that some workers prefer to be ...
... Suppose that employers do not know whether a particular worker will be a good match for the firm without interviewing the worker . How do you think this would affect the unemployment rate ? b . Suppose that some workers prefer to be ...
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... Suppose that, perhaps as a result of increased income or changed preferences, people now want to buy more paper goods than before at each possible price P. This is called an increase in demand. As shown in Figure 2.2, the demand curve ...
... Suppose that, perhaps as a result of increased income or changed preferences, people now want to buy more paper goods than before at each possible price P. This is called an increase in demand. As shown in Figure 2.2, the demand curve ...
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... Suppose the demand curve is described by the equation Qd = 12 − P3 and the supply curve is Qs = P2. Find the equilibrium price and quantity. ANSWER: Since at equilibrium Qd = Qs , the right-hand sides of the equations must be equal: 12 ...
... Suppose the demand curve is described by the equation Qd = 12 − P3 and the supply curve is Qs = P2. Find the equilibrium price and quantity. ANSWER: Since at equilibrium Qd = Qs , the right-hand sides of the equations must be equal: 12 ...
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... Suppose that as before the original demand function is P = 300 − Qd and the supply function is P = 60 + 2Q s . A unit tax T = 15 is imposed. What is the effect of the tax in comparison with the previous no-tax equilibrium P* = 220, Q ...
... Suppose that as before the original demand function is P = 300 − Qd and the supply function is P = 60 + 2Q s . A unit tax T = 15 is imposed. What is the effect of the tax in comparison with the previous no-tax equilibrium P* = 220, Q ...
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... Suppose that only exact integer amounts of output are possible. Imagine that the cost of producing remains constant at 6 per unit (so 6 is both the Marginal Cost and Average Cost at all levels of output). Using the data of Table 2.2 ...
... Suppose that only exact integer amounts of output are possible. Imagine that the cost of producing remains constant at 6 per unit (so 6 is both the Marginal Cost and Average Cost at all levels of output). Using the data of Table 2.2 ...
Contenido
QUESTIONS | |
Equilibrium in the Product Market Competitive Industry | |
QUESTIONS | |
Consumption and Demand | |
SUMMARY | |
Otras ediciones - Ver todas
Price Theory and Applications: Decisions, Markets, and Information Jack Hirshleifer,Amihai Glazer,David Hirshleifer Vista previa limitada - 2005 |
Price Theory and Applications: Decisions, Markets, and Information Jack Hirshleifer,Amihai Glazer,David Hirshleifer Sin vista previa disponible - 2005 |
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