MicroeconomicsAddison-Wesley, 1994 - 655 หน้า |
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หน้า 106
... Inelastic Demand The elasticity that we have just calculated is 0.5 . Is that a large or a small elasticity ? The ... inelastic ; for elasticities greater than 1 , demand is called elastic . The dividing line between inelastic and ...
... Inelastic Demand The elasticity that we have just calculated is 0.5 . Is that a large or a small elasticity ? The ... inelastic ; for elasticities greater than 1 , demand is called elastic . The dividing line between inelastic and ...
หน้า 391
... inelastic and might even be perfectly inelastic . Such a case is illustrated in Fig . 14.6 by the vertical sup- ply curve SS . The long - run supply of capital is elas- tic . Such a case is illustrated in Fig . 14.6 by the sup- ply ...
... inelastic and might even be perfectly inelastic . Such a case is illustrated in Fig . 14.6 by the vertical sup- ply curve SS . The long - run supply of capital is elas- tic . Such a case is illustrated in Fig . 14.6 by the sup- ply ...
หน้า 392
... inelastic . Figure 14.7 illustrates such a supply . Regardless of the rent avail- able , the quantity of land supplied on Chicago's Magnificent Mile is a fixed number of square feet . Expensive land can be , and is , used more inten ...
... inelastic . Figure 14.7 illustrates such a supply . Regardless of the rent avail- able , the quantity of land supplied on Chicago's Magnificent Mile is a fixed number of square feet . Expensive land can be , and is , used more inten ...
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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