Principles of Economics |
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55 cents absolute magnitude actual price amount anyhow argument bank buyers capital capitalist combination commodity contribution Corollary cost of production course demand and supply demand schedule determined diminishing returns disutility cost doubtless economic order economists efficiency entrepreneur equal exchange express fact factor fixed ginal gold hypothesis ILLUSTRATIVE PROBLEMS important income increase increment of demand individual industry interest involved labor labor power land less mand marginal cost marginal demand price marginal productivity marginal significance marginal supply price marginal utility matter natural necessary nomic normal price ounces output particular persons possible present order price-determination primary cost principle profits question reason regulation rent respect result Say's Law Section silver social socialist standard money supply and demand supply schedule Suppose surely tend things tion trade true unit value of money wages wants wealth