MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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˹éÒ 52
... corn or cloth . If she works for 2 hours per day and spends the entire amount of time on corn produc- tion , she produces 6 pounds of corn per month . If that same time is used for cloth production , 1 yard of cloth is produced but no ...
... corn or cloth . If she works for 2 hours per day and spends the entire amount of time on corn produc- tion , she produces 6 pounds of corn per month . If that same time is used for cloth production , 1 yard of cloth is produced but no ...
˹éÒ 54
... corn and cloth . Since there are only two goods , there is no difficulty in working out what is the best alternative forgone . More corn can be grown only by paying the price of having less cloth , and more cloth can be made only by ...
... corn and cloth . Since there are only two goods , there is no difficulty in working out what is the best alternative forgone . More corn can be grown only by paying the price of having less cloth , and more cloth can be made only by ...
˹éÒ 61
... corn and 2 yards of cloth ( point b ́ ) , and Jane consumes 11 pounds of corn and 3 yards of cloth ( point d ) . Their total production is 18 pounds of corn and 5 yards of cloth ( point n ) . Joe and Jane can do bet- ter by ...
... corn and 2 yards of cloth ( point b ́ ) , and Jane consumes 11 pounds of corn and 3 yards of cloth ( point d ) . Their total production is 18 pounds of corn and 5 yards of cloth ( point n ) . Joe and Jane can do bet- ter by ...
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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