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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... 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 ...
... 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 ...
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... economists actually do. (The media typically picture economists as a band of squabbling soothsayers – some saying business will be good, others always predicting doom. Students may be surprised to find that there are any scientifically ...
... economists actually do. (The media typically picture economists as a band of squabbling soothsayers – some saying business will be good, others always predicting doom. Students may be surprised to find that there are any scientifically ...
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... Economist , and the Statistician 1.2 Earnings of Male College Graduates , by Field 1.3 Rational Drivers ? 1.4 Rational ... Economists Disagree ? Economics concerns decisions - choices among actions . Every action has its pros and cons ...
... Economist , and the Statistician 1.2 Earnings of Male College Graduates , by Field 1.3 Rational Drivers ? 1.4 Rational ... Economists Disagree ? Economics concerns decisions - choices among actions . Every action has its pros and cons ...
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... economist means taking these reactions into account. A law firm that raises its billing rates may find customers ... economists are often messengers bringing bad news; for example, that a superficially appealing project or scheme may ...
... economist means taking these reactions into account. A law firm that raises its billing rates may find customers ... economists are often messengers bringing bad news; for example, that a superficially appealing project or scheme may ...
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... economists can scientifically predict financial and commercial events , why aren't they all rich ? ” It's easy to exaggerate the disagreement among economists . Controversy makes news ; consensus rarely does . The great majority of ...
... economists can scientifically predict financial and commercial events , why aren't they all rich ? ” It's easy to exaggerate the disagreement among economists . Controversy makes news ; consensus rarely does . The great majority of ...
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