MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... fixed cost and total variable cost . For example , when Swanky employs 3 workers , total variable cost is $ 75 , total fixed cost is $ 25 , and total cost is $ 100 . Marginal Cost A firm's marginal cost is the increase in total cost ...
... fixed cost and total variable cost . For example , when Swanky employs 3 workers , total variable cost is $ 75 , total fixed cost is $ 25 , and total cost is $ 100 . Marginal Cost A firm's marginal cost is the increase in total cost ...
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... fixed cost Eventually increasing average variable cost Because total fixed cost is constant , as output increases , average fixed cost decreases - the average fixed cost curve is downward sloping . But at low output levels the average ...
... fixed cost Eventually increasing average variable cost Because total fixed cost is constant , as output increases , average fixed cost decreases - the average fixed cost curve is downward sloping . But at low output levels the average ...
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... fixed cost , total vari- able cost , average total cost , average fixed cost , average variable cost , and marginal cost . What is the relationship between the average total cost curve , the average variable cost curve , and the ...
... fixed cost , total vari- able cost , average total cost , average fixed cost , average variable cost , and marginal cost . What is the relationship between the average total cost curve , the average variable cost curve , and the ...
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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