Economic TheoryKnopf, 1971 - Počet stran: 222 |
Obsah
Nonmarket Activities | 1 |
The Scarcity Principle | 11 |
Indifference Curves | 25 |
Autorská práva | |
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A₁ amount analysis assumed behavior budget line C₁ commodities competitive consumer consumption D₁ decline decrease defined demand function derived demand curve determined differential dollars earnings economic economists elasticity of demand elasticity of substitution Engel curve equal equation Evaluate example expenditures factor prices factor proportions factor supply factors of production Figure firms fixed given held constant homogeneous household household production functions implies income effects income elasticity increase indifference curve industry inputs interest rate investment isocost isoquant labor Lecture less marginal cost curve marginal product marginal utility maximize measure money income monopoly MP₁ MU₁ negatively inclined optimal P₁ percent persons preference PROBLEMS production functions ratio of marginal real income reduce relative price shift slope substitution effects supply curve theory tion unit unity utility function utility of income variables w₁ w₂ wage rate Wiyi X₁ y₁ y₂ Z₁ zero