Readings in Microeconomics |
Contents
SUPPLY AND THE THEORY | 124 |
MILTON FRIEDMAN The Short Run Revisited | 131 |
Demand and Supply On the Economics of Transfer Pricing | 139 |
Copyright | |
17 other sections not shown
Common terms and phrases
activity advertising allocation amount analysis antitrust assume assumption average behavior buyers CALIFORNIA/SANTA CRUZ cartel characteristics choice commodity constant constraint consumer consumption contestable market contract cost curve crop CRUZ The University damage demand curve distribution Econ economic theory economists efficiency employer equal equation equilibrium example exist external factors firm given hypothesis implies income effect increase indifference curves individual industry inputs isoquants labor less loss marginal cost maximizing ment modity monopolistic monopoly monopsony nomic optimal organization output Pareto Pareto optimal perfect competition Phillips curve position possible predictions preferences problem production profits quantity queue rational relative relevant rent result returns to scale risk sellers share signaling slope social structure substitution effect supply tion transaction costs transfer unit UNIVERSITY OF CALIFORNIA/SANTA utility function variable wage welfare welfare economics workers X-efficiency zero