MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... occurs whenever firms maxi- mize profit . Since firms in perfect competition maxi- mize profit , perfect competition is economically effi- cient . Consumer efficiency occurs when consumers can- not make themselves better off by ...
... occurs whenever firms maxi- mize profit . Since firms in perfect competition maxi- mize profit , perfect competition is economically effi- cient . Consumer efficiency occurs when consumers can- not make themselves better off by ...
˹éÒ 397
... occurs at rents that allocate the fixed amounts of land available to their highest - value uses . Figure 14.10 illustrates two land markets . Part ( a ) shows the market for land on Chicago's Magnificent Mile . Its marginal revenue ...
... occurs at rents that allocate the fixed amounts of land available to their highest - value uses . Figure 14.10 illustrates two land markets . Part ( a ) shows the market for land on Chicago's Magnificent Mile . Its marginal revenue ...
˹éÒ 460
... occurs to us to ask what uncertainty is . Yet to explain how we make decisions and do business with each other in an ... occur but we don't know which one . Usually , the event that does occur affects our economic well- being . For ...
... occurs to us to ask what uncertainty is . Yet to explain how we make decisions and do business with each other in an ... occur but we don't know which one . Usually , the event that does occur affects our economic well- being . For ...
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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