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Topics in Consumer Behavior
The Theory of the Firm
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aggregate alternative amount analysis Assume assumption behavior combination commodity competitive concave Consider constant constraint consumer consumer's consumption contains continuous corresponding cost cost function decreasing defined demand curve demand functions depends derivatives desires determined differential dollars Economic effect entrepreneur equal equal to zero equation equilibrium example excess demand existence expected expressed factor firm first-order conditions fixed follows given gives homogeneous income increase indifference individual industry initial input interest investment less limited linear marginal mathematical maximization maximum monopolist negative obtained optimal output level partial derivatives period positive possible preferences present production function profit purchases quantity ratio requires respect result satisfied second-order condition sell sellers single slope social solution solving specific stability strictly substitution supply supply curve theorem theory unit utility function variables zero