Steve Slavin's lively and comprehensive Microeconomics has a student-friendly, step-by-step approach; value pricing; and a built-in Workbook/Study Guide. Instructors and students like the author's humorous anecdotes, direct language, and easy conversational style. The text encourages active rather than passive reading.
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Contents in Brief
The American Economy from 1900 through World
50 other sections not shown
American answer ATC curve average break-even point buyers capital cars change in demand change in quantity chapter competition consumer surplus copiers corporate decline decrease deﬁcit demand and supply demand curve diseconomies of scale dollars economic economists elastic equilibrium price equilibrium quantity federal Figure ﬁnd ﬁrm firm's ﬁrmís ﬁrst fixed cost guns hamburger Hypothetical income increase in demand industry inelastic interest rate Japanese labor long run lower marginal cost marginal revenue marginal utility MC curve million minimum point monopolistic competitor monopoly oligopoly operate opportunity cost percent perfect competitor price and quantity price discrimination problem production possibilities frontier proﬁt quantity demanded quantity supplied question rent rises sell seller short run shortage Soviet statement is true supply and demand supply curve Table total cost total profit total revenue total utility trade Union unit of output variable cost VCRs workers