MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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˹éÒ 52
... rises as the number of hours devoted to cultivating it rises . To produce cloth , Jane gathers wool from sheep that live on the island . As she devotes more hours to collecting wool and making cloth , her output rises . The numbers in ...
... rises as the number of hours devoted to cultivating it rises . To produce cloth , Jane gathers wool from sheep that live on the island . As she devotes more hours to collecting wool and making cloth , her output rises . The numbers in ...
˹éÒ 78
... rises but nothing else changes , then there is a decrease in the quantity demanded ( a movement up the demand curve ... rises , if the price of a comple- ment falls , if income rises ( for a normal good ) , or if the population increases ...
... rises but nothing else changes , then there is a decrease in the quantity demanded ( a movement up the demand curve ... rises , if the price of a comple- ment falls , if income rises ( for a normal good ) , or if the population increases ...
˹éÒ 111
... rises . If a 1 percent rise in the price re- duces the quantity sold by less than 1 percent , rev- enue increases ... rises , the size of the elasticity of demand determines whether revenue increases or decreases . Table 5.4 gives some ...
... rises . If a 1 percent rise in the price re- duces the quantity sold by less than 1 percent , rev- enue increases ... rises , the size of the elasticity of demand determines whether revenue increases or decreases . Table 5.4 gives some ...
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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