Tài liệu Ten Principles of Economics - Part 29 doc

... revenue of $6 and marginal cost of $7, so producing it would reduce profit by $1 (from $7 to $6). As a result, the Smiths would not produce beyond 5 gallons. One of the Ten Principles of Economics ... 1 PROFIT MAXIMIZATION: A NUMERICAL EXAMPLE 296 PART FIVE FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY crosses the average-total-cost curve at the minimum of average total...

Ngày tải lên: 21/01/2014, 23:20

... elastic) Quantity of Apartments 0 Supply Controlled rent Shortage Rental Price of Apartment 0 Rental Price of Apartment Quantity of Apartments Demand Supply Controlled rent Shortage Demand Figure 6-3 R ENT C ONTROL ... Binding $4 3 Quantity of Ice-Cream Cones 0 Price of Ice-Cream Cone 100 Equilibrium quantity (b) A Price Ceiling That Is Binding $3 Quantity of Ice-Cream Cones...

Ngày tải lên: 15/12/2013, 11:15

... line. Many are teenagers from middle-class homes working at part- time jobs for extra spending money. EVALUATING PRICE CONTROLS One of the Ten Principles of Economics discussed in Chapter 1 is ... left (or, equiva- lently, downward), as shown in Figure 6-6 . tax incidence the study of who bears the burden of taxation $3.30 3.00 2.80 Quantity of Ice-Cream Cones 0 Price of...

Ngày tải lên: 15/12/2013, 11:15

... Intel stock is a part owner of Intel; the owner of an Intel bond is a creditor of the corporation. If Intel is very profitable, the stockholders en- joy the benefits of these profits, whereas the ... to the profits that the firm makes. For example, if Intel sells a total of 1,000,000 shares of stock, then each share represents owner- ship of 1/1,000,000 of the business. The...

Ngày tải lên: 15/12/2013, 11:15

... are often skeptical of this second argument. With thousands of money managers paying close attention to each company’s prospects, the price of a company’s stock is usually a good reflection of ... U.S. policymakers view the low level of U.S. saving as a major problem. One of the Ten Principles of Economics in Chapter 1 is that a country’s standard of living depends on it...

Ngày tải lên: 15/12/2013, 11:15

... com- pared with 57 percent of nonunion workers, said Barry Bluestone, a labor- friendly economics professor at the Uni- versity of Massachusetts. The conclusion draws no argument even from Prof. ... some of them and offered each a $500 bonus if they found new jobs within 11 weeks. This group was then com- pared to a control group not offered the incentive. The average spell of unemp...

Ngày tải lên: 15/12/2013, 11:15

... supply can profoundly affect the economy. One of the Ten Principles of Economics in Chapter 1 is that prices rise when the government prints too much money. Another of the Ten Principles of Economics ... 617 On the left-hand side of the T-account are the bank’s assets of $100 (the reserves it holds in its vaults). On the right-hand side of the T-account are the bank’...

Ngày tải lên: 15/12/2013, 11:15

... States would not tolerate the “flooding of our markets” with low-cost goods from Asia and Rus- sia, particularly steel, that are threaten- ing the jobs of American workers. The President’s statement ... force here that may lead to a softening of the Russian position: namely Russian consumers. Russian consumers favor the Amer- ican birds, which despite the dire warn- ings of the Russia...

Ngày tải lên: 24/12/2013, 17:15

... type of technology policy that most economists endorse is patent pro- tection. The patent laws protect the rights of inventors by giving them exclusive use of their inventions for a period of time. ... foundations in part because education has positive externalities for society. The private market can often solve the problem of externalities by relying on the self-interest of th...

Ngày tải lên: 24/12/2013, 17:15