Microeconomics: Private and Public ChoiceDryden Press, 1992 - 656 páginas |
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Página 156
... curve . At any point on an indifference curve , it will be equal to the slope of the curve at that point . Since he likes both fish and breadfruit , he would especially like to obtain bundles to the northeast of A , since they represent ...
... curve . At any point on an indifference curve , it will be equal to the slope of the curve at that point . Since he likes both fish and breadfruit , he would especially like to obtain bundles to the northeast of A , since they represent ...
Página 157
... curve ( i , ) . Similarly , points X and Z must be equally valued , since they are both on indifference curve i2 . If this is true , Y and Z must also be equally preferred , since they are both equally preferred to X. However , point Y ...
... curve ( i , ) . Similarly , points X and Z must be equally valued , since they are both on indifference curve i2 . If this is true , Y and Z must also be equally preferred , since they are both equally preferred to X. However , point Y ...
Página 177
... curves ( frame b ) to rise at first and then decline . Note that the marginal product curve intersects the average product curve at its maximum ( when 4 units of labor are used ) . The smooth curves indicate that labor can be increased ...
... curves ( frame b ) to rise at first and then decline . Note that the marginal product curve intersects the average product curve at its maximum ( when 4 units of labor are used ) . The smooth curves indicate that labor can be increased ...
Contenido
PART | 1 |
Some Tools of the Economist | 29 |
Supply Demand and the Market Process | 51 |
Derechos de autor | |
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Términos y frases comunes
allocation amount assets automobiles average total cost benefits breadfruit buyers capital chapter consumers consumption countries current account decision-makers decisions decline deficit demand curve dollar earnings economic profit economists effects efficiency elasticity employees employment entrepreneurs example exchange rate Exhibit expand expenditures exports factors factors of production families firm's firms foreign foreign exchange market future gain growth higher price illustrates impact important incentive income increase indicates indifference curve individuals industry inflation interest rate investment isocost isoquant Japan labor long-run lower marginal cost marginal revenue marginal tax rates market price million monetary monopolistic competition monopoly nations oligopolistic opportunity cost output owners percent political pollution potential property rights purchase pure competition quantity demanded reduce regulation relative result rise sector sell sellers short run social Soviet Union substantially substitutes supply curve trade transfers U.S. dollars voters wage rates workers