MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... called inelastic ; for elasticities greater than 1 , demand is called elastic . The dividing line between inelastic and elastic demand is called unit elastic demand . When elasticity is equal to infinity , demand is called perfectly ...
... called inelastic ; for elasticities greater than 1 , demand is called elastic . The dividing line between inelastic and elastic demand is called unit elastic demand . When elasticity is equal to infinity , demand is called perfectly ...
˹éÒ 355
... called the payoff . In the oligopoly game , the payoffs are the profits and losses of the players . These payoffs are determined by the oligopolists ' strategies and by the constraints that they face . Constraints come from customers ...
... called the payoff . In the oligopoly game , the payoffs are the profits and losses of the players . These payoffs are determined by the oligopolists ' strategies and by the constraints that they face . Constraints come from customers ...
˹éÒ 601
... called newly indus- trializing countries have the highest protection rates . Quotas are especially important in the textile industries , in which there exists an international agreement called the Multifiber Agreement , which ...
... called newly indus- trializing countries have the highest protection rates . Quotas are especially important in the textile industries , in which there exists an international agreement called the Multifiber Agreement , which ...
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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