MicroeconomicsSteve 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. |
Contents
CONTENTS IN BRIEF | 1 |
The American Economy from 1900 through World | 7 |
The Invisible Hand the Price Mechanism and Perfect | 61 |
Copyright | |
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Common terms and phrases
American answer antitrust ATC curve average butter buyers capital cars chapter companies competition consumer surplus copiers corporate D₁ decline decrease demand curve dollars earned economic economists efficient elastic employment equilibrium price equilibrium quantity factor federal Figure firm's fixed cost foreign graph guns Herfindahl-Hirschman index Hypothetical income increase industry inelastic interest rate investment Japan Japanese labor land long run lower marginal cost marginal revenue marginal utility MC curve mergers million minimum point minimum wage monopolistic competitor monopoly oligopoly opportunity cost percent perfect competitor poor poverty problem production possibilities frontier quantity demanded quantity supplied question relatively rent rise schedule sell seller short run South Korea statement is true supply and demand supply curve Table total cost total profit total revenue total utility trade deficit union units of output variable cost VCRs wage rate workers