Managerial Economics |
Contents
PRICE DETERMINATION | 56 |
SOME PRELIMINARIES | 113 |
Maximization with a Discrete Choice | 119 |
Copyright | |
31 other sections not shown
Common terms and phrases
activity advertising amount arc elasticity average variable cost budget line calculated capital chapter choice variables choose coefficient combination constant constraint consumer cost curves cost function decision maker decrease demand and supply demand curve demand elasticity demand equation demand function determine dollar spent economic profit elasticity of demand equal example expected value F-statistic Figure firm's fixed cost forecast income increase indifference curve industry intercept isocost isoquant less level of output level of significance long-run manager marginal benefit marginal cost marginal product marginal revenue marginal utility market power maximize profit monopolist net present value oligopoly optimal level P-VALUE Panel parameter estimates percent pizza present value problem production function profit-maximizing quantity demanded regression analysis risk sell short-run statistically significant supply curve supply function t-ratio total benefit total cost total revenue units of labor units of output Wall Street Journal zero