MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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˹éÒ 54
... cloth . Since there are only two goods , there is no difficulty in working out what is the best alternative forgone . More corn can be grown only by paying the price of having less cloth , and more cloth can be made only by bearing the ...
... cloth . Since there are only two goods , there is no difficulty in working out what is the best alternative forgone . More corn can be grown only by paying the price of having less cloth , and more cloth can be made only by bearing the ...
˹éÒ 55
... cloth . The first yard of cloth costs 2 pounds of corn . The next yard of cloth costs 3 pounds of corn . The opportunity cost of cloth rises as Jane produces more cloth , with the last yard of cloth costing 6 pounds of corn . Part ( a ) ...
... cloth . The first yard of cloth costs 2 pounds of corn . The next yard of cloth costs 3 pounds of corn . The opportunity cost of cloth rises as Jane produces more cloth , with the last yard of cloth costing 6 pounds of corn . Part ( a ) ...
˹éÒ 61
... cloth S Jane's PPF 12 d Jane's initial 10 consumption 8 b ' 6 Joe's initial 4 consumption 2 f 1 2 3 4 5 6 7 8 9 Cloth ( yards per month ) d ' Joe's PPF When Jane and Joe are each self - sufficient , Joe consumes 7 pounds of corn and 2 ...
... cloth S Jane's PPF 12 d Jane's initial 10 consumption 8 b ' 6 Joe's initial 4 consumption 2 f 1 2 3 4 5 6 7 8 9 Cloth ( yards per month ) d ' Joe's PPF When Jane and Joe are each self - sufficient , Joe consumes 7 pounds of corn and 2 ...
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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