MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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Michael Parkin. It's possible that the market may result in a distribution of income that society legitimately considers inappropriate . " Is it possible to be too pro - market ? No. Now , it's possible that the market may result in a ...
Michael Parkin. It's possible that the market may result in a distribution of income that society legitimately considers inappropriate . " Is it possible to be too pro - market ? No. Now , it's possible that the market may result in a ...
˹éÒ 546
... possible that the agency will be able to raise its budget above the allocatively efficient level . In general , the agency will produce a higher quantity than the one that maximizes net benefit . But how would it be possible for the ...
... possible that the agency will be able to raise its budget above the allocatively efficient level . In general , the agency will produce a higher quantity than the one that maximizes net benefit . But how would it be possible for the ...
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... possible choices , best achieves the goals . Rational expectation A forecast that uses all of the relevant informa- tion available about past and present events and that has the least possible error . Rational ignorance The decision not ...
... possible choices , best achieves the goals . Rational expectation A forecast that uses all of the relevant informa- tion available about past and present events and that has the least possible error . Rational ignorance The decision not ...
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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