Foundations of Economic Analysis |
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Page 11
... result of a complete set of observations a demand curve relating price and quantity , this could not in general be more than approxi- mately represented by finite combinations of elementary functions . And yet it is a perfectly good ...
... result of a complete set of observations a demand curve relating price and quantity , this could not in general be more than approxi- mately represented by finite combinations of elementary functions . And yet it is a perfectly good ...
Page 22
... result in " stable " equilibrium . ' It is true that the identification of equilibrium with a stable maximum position in a sense begs the question of stability . How- ever , where these extremum conditions are realized , it can be shown ...
... result in " stable " equilibrium . ' It is true that the identification of equilibrium with a stable maximum position in a sense begs the question of stability . How- ever , where these extremum conditions are realized , it can be shown ...
Page 74
... result in an increase in its use . Likewise , a decrease in its price cannot result in a decrease in its use . Still more generally , it can be stated that a change in the price of any number of factors cannot result in a change in ...
... result in an increase in its use . Likewise , a decrease in its price cannot result in a decrease in its use . Still more generally , it can be stated that a change in the price of any number of factors cannot result in a change in ...
Contents
INTRODUCTION | 3 |
Illustrative Tax Problem | 14 |
THE Theory of Maximizing BEHAVIOR | 21 |
Copyright | |
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a₁ algebraic amount analysis arbitrary assumed assumption behavior chapter coefficients commodity comparative statics competition conditions of equilibrium constant consumer consumer's defined demand curve demand functions determined difference equations differential equations discussion dynamic economic theory economists equal equi expression extremum fact factors of production finite firm formal G. D. Birkhoff given Hicks implies independent index numbers indifference curves individual initial conditions interest involved isoquant J. R. Hicks librium linear marginal cost marginal utility matrix maximize maximum minimum motion negative definite numeraire optimal optimum output parameter partial derivatives perfect competition polynomial positive possible preference field principal minors problem production function quadratic form quantity rationing relations respect result roots solution stability theorem tion transformation unique utility index utility of income values vanish variables welfare economics written zero Σ Σ дх