MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... worker ) Average product and marginal product FIGURE 10.3 SHORT - RUN TECHNOLOGY CONSTRAINT 1915 TP Output ( sweaters per day ) 5 10 13 Labor ( workers per day ) Output ( sweaters Average product ( sweaters per day ) per worker ) b 1 4 ...
... worker ) Average product and marginal product FIGURE 10.3 SHORT - RUN TECHNOLOGY CONSTRAINT 1915 TP Output ( sweaters per day ) 5 10 13 Labor ( workers per day ) Output ( sweaters Average product ( sweaters per day ) per worker ) b 1 4 ...
˹éÒ 409
... workers have a higher marginal revenue product than unskilled workers . Therefore the demand curve for skilled workers , D , lies to the right of D. The vertical distance between these two curves is the marginal revenue product of the ...
... workers have a higher marginal revenue product than unskilled workers . Therefore the demand curve for skilled workers , D , lies to the right of D. The vertical distance between these two curves is the marginal revenue product of the ...
˹éÒ 417
... Workers who can't get a union job supply their labor to the nonunion sector . The supply curve in part ( a ) shifts to the right to S. The nonunion wage falls to $ 12 an hour . L workers are employed in nonunion jobs . The low nonunion ...
... Workers who can't get a union job supply their labor to the nonunion sector . The supply curve in part ( a ) shifts to the right to S. The nonunion wage falls to $ 12 an hour . L workers are employed in nonunion jobs . The low nonunion ...
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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