MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... buyers and sellers a bit more closely . First , let's look at the behavior of buyers . The Demand Curve and the Willingness to Pay Suppose the price of a tape is $ 2 . In such a situa- tion , producers plan to sell 3 million tapes a ...
... buyers and sellers a bit more closely . First , let's look at the behavior of buyers . The Demand Curve and the Willingness to Pay Suppose the price of a tape is $ 2 . In such a situa- tion , producers plan to sell 3 million tapes a ...
˹éÒ 143
... Buyers When buyers of illegal goods are penalized , the goods have less value to buyers . The cost of breaking the law must be subtracted from the value of the good to determine the maxi- mum price that buyers are willing to pay ...
... Buyers When buyers of illegal goods are penalized , the goods have less value to buyers . The cost of breaking the law must be subtracted from the value of the good to determine the maxi- mum price that buyers are willing to pay ...
˹éÒ 472
... Buyers of used cars can't tell whether they are buying a lemon until after they have bought the car and learned as much about it as its current owner knows . There are no dealer war- ranties . The first thing to notice is that because ...
... Buyers of used cars can't tell whether they are buying a lemon until after they have bought the car and learned as much about it as its current owner knows . There are no dealer war- ranties . The first thing to notice is that because ...
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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