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THE THEORY OF PRODUCERS BEHAVIOUR
THE FIRM AND THE MARKET
THE THEORY OF CONSUMERS BEHAVIOUR
8 other sections not shown
AD-AS model allocation analysis argument assumption average cost behaviour bonds budget line chapter competitive Consider constant returns consumer surplus consumption cost curve cost function cost of production cost-minimizing decreasing function demand curve demand for money derived diagram differentiation discussion economic economic rent equal equations equilibrium price example exercise exogenous expenditure firm's first-order conditions fixed gives homogeneous of degree illustrated in figure implies income increase indifference curve individuals industry inflation input prices interest rate investment IS-LM model isocost isoquant Lagrangean level of output long-run LRAC LRMC macroeconomic marginal cost mathematical maximize monopoly multiplier opportunity cost Pareto efficient price change problem production function profit-maximizing firm profits quantity raises ration coupons returns to scale revenue rise satisfied shift short-run SRMC substitution effect sumers supply and demand supply curve supply function Suppose theory tion unemployment utility function vector zero