Economics of Business Enterprise: A Study of the Firm in the Aggregate Economy |
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Economics of Business Enterprise: A Study of the Firm in the Aggregate Economy George Johnson Cady No preview available - 2012 |
Economics of Business Enterprise: A Study of the Firm in the Aggregate Economy George Johnson Cady No preview available - 2012 |
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AC curve adjustment alternative use earnings amount analysis assumed assumption average cost basic buyers buying capital changes Chapter collusive pricing column combination commodity competitors consideration constant costs constant factors consumer contractual plus virtual cost curve cost differentials curve course decrease demand curve economic effect elastic employed employment enterprise entrepreneur entrepreneurship entry equal equilibrium equipment established exit external economies Figure firm costs funds higher Imperfect Competition increase indicated indifference curves individual firm industry investment involve joint products labor liquidity long-run marginal cost marginal revenue maximize ment Monopolistic Competition monopsony move operations opportunity costs ordinarily output Output-Sales plant position possible price agreement price leadership price policy product differentiation profit purely competitive raw materials readjustment Related to Ch rent represented residual income residuum result sales curve secured selling shift significant simple monopoly situation sloping supply curve techniques tion unit variable costs varying virtual outlays wage