MicroeconomicsAddison-Wesley, 1994 - 655 หน้า |
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หน้า 378
... determined . F Factor Prices and Incomes actors of production are the inputs into production . They are divided into three broad categories : labor , capital , and land . ( We defined these factors of production in Chapter 1 , p . 14 ...
... determined . F Factor Prices and Incomes actors of production are the inputs into production . They are divided into three broad categories : labor , capital , and land . ( We defined these factors of production in Chapter 1 , p . 14 ...
หน้า 392
... determined by house- holds ' saving decisions . Other things being equal , the higher the interest rate , the greater is the amount of capital supplied . The supply of capital to individual firms is highly inelastic in the short run but ...
... determined by house- holds ' saving decisions . Other things being equal , the higher the interest rate , the greater is the amount of capital supplied . The supply of capital to individual firms is highly inelastic in the short run but ...
หน้า 402
... determined . We've seen the crucial role played in determining the demand for a factor of production by the factor's marginal revenue product . We've seen how the interaction of demand and supply determines factor prices and factor ...
... determined . We've seen the crucial role played in determining the demand for a factor of production by the factor's marginal revenue product . We've seen how the interaction of demand and supply determines factor prices and factor ...
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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