MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... benefit curve 60 40 Marginal benefit ( dollars per laser ) 20 140 120 Marginal benefit ( dollars per laser ) 100 80 T 60 Lisa 40 20 Max MB M 0 1 2 3 MB 1 2 4 5 3 Quantity ( number of lasers ) ( b ) Max's marginal benefit curve 4 5 ...
... benefit curve 60 40 Marginal benefit ( dollars per laser ) 20 140 120 Marginal benefit ( dollars per laser ) 100 80 T 60 Lisa 40 20 Max MB M 0 1 2 3 MB 1 2 4 5 3 Quantity ( number of lasers ) ( b ) Max's marginal benefit curve 4 5 ...
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... benefit curve of a public good , we sum the marginal benefit of each individual at each quantity of provision . That is , we sum the individual marginal benefit curves vertically . The resulting marginal benefit for the economy ...
... benefit curve of a public good , we sum the marginal benefit of each individual at each quantity of provision . That is , we sum the individual marginal benefit curves vertically . The resulting marginal benefit for the economy ...
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... benefit and total cost ( billions of dollars ) 75 50 35 Net benefit $ 20 billion 15 0 1 2 3 4 5 TB TC ( billions of dollars per laser ) Marginal benefit and marginal cost 20 12.5 10 Point of allocative efficiency MC MB 0 1 2 3 4 5 ...
... benefit and total cost ( billions of dollars ) 75 50 35 Net benefit $ 20 billion 15 0 1 2 3 4 5 TB TC ( billions of dollars per laser ) Marginal benefit and marginal cost 20 12.5 10 Point of allocative efficiency MC MB 0 1 2 3 4 5 ...
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amount average benefit budget calculate called capital cars CHAPTER choices cloth competitive consumer consumption corn cost curve countries decreases demand curve depends determined dollars economic effect elasticity elasticity of demand equal equilibrium example expected Explain factor falls Figure firms future given graph higher hour household illustrates important income increases individual industry input interest labor less long-run look loss lower marginal cost marginal revenue marginal utility measured million monopoly month opportunity cost output percent percentage person possible preferences problem production profit quantity demanded questions regulation relationship rent result rises scale sell shifts short-run shown shows slope soda sold substitution supply curve sweaters tapes theory things tion total cost trade units utility variable wage wage rate wealth week workers