Microeconomics: Private and Public ChoiceDryden Press, 1992 - 656 páginas |
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Página 174
... output . What will happen to average fixed cost ( AFC ) as output expands ? Remember that the firm's fixed cost will be the same whether output is 1 , 100 , or 1,000 . The average fixed cost is simply fixed cost divided by output . As ...
... output . What will happen to average fixed cost ( AFC ) as output expands ? Remember that the firm's fixed cost will be the same whether output is 1 , 100 , or 1,000 . The average fixed cost is simply fixed cost divided by output . As ...
Página 226
... output as long as price exceeds marginal cost . A profit - maximizing monopolist , however , would restrict output below this level . The monopolist will expand output only to the point where marginal revenue is equal to marginal cost , an ...
... output as long as price exceeds marginal cost . A profit - maximizing monopolist , however , would restrict output below this level . The monopolist will expand output only to the point where marginal revenue is equal to marginal cost , an ...
Página 250
... Output A monopolistic competitor maximizes profits by producing output q , for which MR = MC , and charging price P. The firm is making economic profits . What impact will they have , if this is a typical firm ? Price PRICE AND OUTPUT ...
... Output A monopolistic competitor maximizes profits by producing output q , for which MR = MC , and charging price P. The firm is making economic profits . What impact will they have , if this is a typical firm ? Price PRICE AND OUTPUT ...
Contenido
PART | 1 |
Some Tools of the Economist | 29 |
Supply Demand and the Market Process | 51 |
Derechos de autor | |
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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