MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... tion of income that the society legitimately considers inappropri- ate . And calculations of private market participants may exclude some social costs or benefits that are important , as in the case of pollution . The problem is to try ...
... tion of income that the society legitimately considers inappropri- ate . And calculations of private market participants may exclude some social costs or benefits that are important , as in the case of pollution . The problem is to try ...
˹éÒ 197
... tion and leisure in a similar way to that in which a change in the price of movies affects our consump- tion of movies and soda . A higher wage rate makes leisure more expensive . There is a substitution effect encouraging us to take ...
... tion and leisure in a similar way to that in which a change in the price of movies affects our consump- tion of movies and soda . A higher wage rate makes leisure more expensive . There is a substitution effect encouraging us to take ...
˹éÒ 508
... tion . It also must be recognized that taking resources from the rich to give to the poor cannot be achieved without using resources to administer the redistribu- tion . Tax - collecting agencies such as the Internal Revenue Service as ...
... tion . It also must be recognized that taking resources from the rich to give to the poor cannot be achieved without using resources to administer the redistribu- tion . Tax - collecting agencies such as the Internal Revenue Service as ...
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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