MicroeconomicsAddison-Wesley, 1994 - 655 หน้า |
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หน้า 308
... competition . We have seen how a firm in a perfectly competitive market chooses its profit- maximizing output . We have seen how the actions of all the firms in a market combine to determine the market supply curve and how the market ...
... competition . We have seen how a firm in a perfectly competitive market chooses its profit- maximizing output . We have seen how the actions of all the firms in a market combine to determine the market supply curve and how the market ...
หน้า 346
... competitive ( perfect competition or monopolistic competition ) , one fifth is oligopolistic , and the rest is dominated by a few firms or is monopolistic . The economy has been getting more competitive over the years . Source : William ...
... competitive ( perfect competition or monopolistic competition ) , one fifth is oligopolistic , and the rest is dominated by a few firms or is monopolistic . The economy has been getting more competitive over the years . Source : William ...
หน้า 350
... Competition When we studied a perfectly competitive industry , we discovered that in some circumstances , such an industry achieves allocative efficiency . A key feature of allocative efficiency is that price equals marginal cost ...
... Competition When we studied a perfectly competitive industry , we discovered that in some circumstances , such an industry achieves allocative efficiency . A key feature of allocative efficiency is that price equals marginal cost ...
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allocative amount average total cost benefit budget line bushels buyers calculate capital cars change in price CHAPTER choices competitive consumer surplus consumption cost curve decreases demand and supply demand curve economic economists elasticity of demand equal equilibrium example factors of production falls Figure firm's firms graph haircuts higher hour household income effect increases indifference curve industry inelastic input interest rate isocost labor Lisa Lisa's long-run lower marginal cost marginal product marginal rate marginal revenue marginal revenue product marker pens million tapes monopoly movies and soda oligopoly opportunity cost output percent perfect competition Price dollars production possibility frontier profit quantity bought quantity demanded quantity supplied rate of substitution relationship rent rises sell short-run shows six-packs slope sold supply curve Swanky tapes a week tion total revenue total utility unemployment units utility per dollar wage rate wealth workers zero