Microeconomic Theory |
Contents
Introduction | 1 |
Advanced reading | 7 |
Theory of consumer behavior | 29 |
Copyright | |
19 other sections not shown
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amount analysis assumption average product behavior budget line bundles cartel Chapter commodity constant consumer consumption contract curve cost curve COST DOLLARS decrease demand curve determine economic elasticity of demand Engel curve entrepreneur equal equation example expense of input Figure fixed cost given income elasticity increase indifference curve individual industry input prices isocost isoquant level of output long-run average cost long-run equilibrium marginal cost marginal cost curve marginal expense marginal product marginal rate marginal revenue marginal revenue product market demand market price maximum minimum money income monopolistic competition monopoly oligopoly p₁ panel Pareto optimal perfectly competitive plant price elasticity production function profit maximization quantity demanded rate of substitution rate of technical ratio relative represented seller shift short-run slope supply curve Suppose tangent technical substitution theory tion total revenue units of labor variable input variable productive service wage rate welfare zero