Principles of Political Economy, Svazek 1

abnormal profits allocation amount apples assume assumptions average total cost axis Browns capital Chapter Chart columns constant consumption CP's decrease demand curve demand schedule determinants diminishing marginal dollars economic decisions economic rent effect elasticity equal equilibrium exchange factor services factors of production firm's fixed future hold households and firms human increase indifference curve indifference schedules interest rate investment labor leisure long-run marginal cost marginal outlay marginal rate marginal revenue marginal utility MC curve nomic obtain opportunity cost outlay curve outlay schedule outlay substitution peck of roots period present principle problem product price profits quantity rate of outlay rate of substitution ratio returns to scale savings scale line schedules and curves sell shift short-run skins and roots slope social supply curve supply schedule tangent techniques tion total income total outlay total output total revenue total utility wage rate want-satisfaction wants