MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... marginal revenue product ( dollars per hour ) 20 b C 10 d 1 2 3 4 ( a ) Average and marginal revenue product ARP MRP f 5 Labor ( workers ) at a wage rate of $ 10 an hour , Max hires 3 workers an hour , as in Fig . 14.4 ( b ) . But why ...
... marginal revenue product ( dollars per hour ) 20 b C 10 d 1 2 3 4 ( a ) Average and marginal revenue product ARP MRP f 5 Labor ( workers ) at a wage rate of $ 10 an hour , Max hires 3 workers an hour , as in Fig . 14.4 ( b ) . But why ...
˹éÒ 401
... marginal revenue product . The marginal rev- enue product in turn depends on the uses to which the land can be put . In a central business district such as Manhattan , the marginal revenue product is high because a large number of ...
... marginal revenue product . The marginal rev- enue product in turn depends on the uses to which the land can be put . In a central business district such as Manhattan , the marginal revenue product is high because a large number of ...
˹éÒ 404
... marginal revenue product and distin- guish between marginal revenue product and mar- ginal revenue . 4 Why does marginal revenue product decline as the quantity of a factor employed increases ? 5 What is the relationship between the ...
... marginal revenue product and distin- guish between marginal revenue product and mar- ginal revenue . 4 Why does marginal revenue product decline as the quantity of a factor employed increases ? 5 What is the relationship between 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