Price Theory and ApplicationsSouth-Western College Pub., 1999 - 755 pagina's By the successful author of THE ARMCHAIR ECONOMIST (a popular trade book that explains basic economics to the general public), this book makes intermediate microeconomics fun and intellectually challenging. The writing style provides an exceptionally friendly and application-rich presentation, combined with a rigorous and careful development of microeconomics theory. All of the standard topics of intermediate price theory are included, as well as many innovative topics, such as alternative normative criteria, efficient asset markets, contestable markets, antitrust law, human capital, demand for public goods, and more. A unique unifying theme of social welfare is used throughout. The inclusion of higher-level mathematics is minimal. |
Veelvoorkomende woorden en zinsdelen
acres answer assume assumption average cost average product basket behavior Bridgman budget line capital Chapter choose coffee competitive consumer consumer's consumption deadweight loss demand curve dollars dresses earn economic economists efficient eggs electrician Engel curve equal equation equilibrium price example excise tax EXERCISE farmers firm firm's Giffen given graph income effect increase indifference curves industry inputs interest rate isocost isoquant less lettuce long-run marginal cost curve marginal product marginal revenue marginal value market price monopolist monopoly Nash equilibrium optimum P₁ price discrimination problem produce producer's surplus profits quantity demanded quantity supplied relative price rent rewiring rise root beers sales tax sell shift short-run shows slope social gain spraying substitution effect suppliers supply and demand supply curve Suppose surplus tangent theory total cost trade True or False units of output variable cost vertical wage rate workers