Principles and Problems of Modern Economics |
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Page 68
... less valuable to him . It is essential , at least in our society , that a person have a pair of shoes ; a second pair is slightly less important . A third and a fourth pair contribute still less to the sum total of a person's well ...
... less valuable to him . It is essential , at least in our society , that a person have a pair of shoes ; a second pair is slightly less important . A third and a fourth pair contribute still less to the sum total of a person's well ...
Page 136
... Less : Inventory , carried over to next year Manufacturing cost of goods sold Gross operating profit $ 331,500 56,000 $ 275,500 $ 79,500 Less : Sales and administrative expense : Administrative salaries 30,000 Advertising expense 2,000 ...
... Less : Inventory , carried over to next year Manufacturing cost of goods sold Gross operating profit $ 331,500 56,000 $ 275,500 $ 79,500 Less : Sales and administrative expense : Administrative salaries 30,000 Advertising expense 2,000 ...
Page 643
... less than it would be under pure competition . The equilibrium use of the factor by the firm can be abbreviated thus ... less of the factor is used , and its marginal product accordingly ought to be greater . Can we be sure that the ...
... less than it would be under pure competition . The equilibrium use of the factor by the firm can be abbreviated thus ... less of the factor is used , and its marginal product accordingly ought to be greater . Can we be sure that the ...
Contents
The Development of Modern Economic Problems | 23 |
Economic | 39 |
A Simple Model of the Economy | 53 |
Copyright | |
57 other sections not shown
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Adam Smith agricultural amount areas assets average bank become billion capital commodity consumer consumption corporation cost curve cycle debt demand curve depression diagram discussion dollar economists economy effect efficiency elasticity enterprise equal equilibrium example expenditures exports factor factors of production farmers Federal Reserve Figure firm full employment gold higher important increase indifference curve individual industry inelastic inflation interest rate investment labor large number less manufacturing marginal cost marginal product marginal revenue means ment mercantilists merely monetary monopolistic competition multiplier national income operations organized output payments percent problem profits purchase pure competition quantity ratio real income reduce rent reserve ratios result saving schedule sell situation slope social spending sumer supply and demand supply curve surplus tariff taxes tend theory tion trade union United wages workers