MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... given change in price , the per- centage change is small at a high price and large at a low price . Similarly , for a given change in quantity demanded , the percentage change is small at a large quantity and large at a small quantity ...
... given change in price , the per- centage change is small at a high price and large at a low price . Similarly , for a given change in quantity demanded , the percentage change is small at a large quantity and large at a small quantity ...
˹éÒ 306
... given price when the consumer has made the best possible use of a given budget . Thus when the quantity bought at a given price is a point on the demand curve , the allocation satisfies con- sumer efficiency . The third condition occurs ...
... given price when the consumer has made the best possible use of a given budget . Thus when the quantity bought at a given price is a point on the demand curve , the allocation satisfies con- sumer efficiency . The third condition occurs ...
˹éÒ 356
... given the action of player B and player B takes the best possible action given the action of player A. In the case of the prisoners ' dilemma , the equilibrium occurs when Abe makes his best choice given Bob's choice and when Bob makes ...
... given the action of player B and player B takes the best possible action given the action of player A. In the case of the prisoners ' dilemma , the equilibrium occurs when Abe makes his best choice given Bob's choice and when Bob makes ...
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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