TAILIEUCHUNG - Ebook Microeconomics (4th edition): Part 2

(BQ) Part 2 book "Microeconomics" has contents: The rational consumer, perfect competition and the supply curve; monopolistic competition and product differentiation; public goods and common resources; the economics of the welfare state; factor markets and the distribution of income,.and other contents. | Find more at The Rational Consumer CHAPTER 10 THE ABSOLUTE LAST BITE s What You Will Learn in This Chapter consumers • How their incomechoose to and spend on goods services choices • Why consumers makemeasure by maximizing utility, a of satisfaction from consumption • Why the principle ofutility diminishing marginal applies to the consumption of most goods and services to • How theuse marginal analysis to find optimal consumption bundle craftvision/Getty Images • What income and substitution effects are When is more of a good thing too much? R ESTAURANTS OCCASIONALLY offer “all­-­you­-­can­-­eat” specials to entice customers: all­-­you­-­can­-­ eat salad bars, all­-­you­-­can­-­eat breakfast buffets, and all­-­you­-­can­-­eat fried­-­clam dinners. But how can a restaurant owner who offers such a special be sure he won’t be eaten out of business? If he charges $ for an all­-­you­-­can­-­eat clam dinner, what prevents his average customer from wolfing down $30 worth of clams? The answer is that even though every once in a while you see someone really take advantage of the offer—heaping a plate high with 30 or 40 fried clams—it’s a rare occurrence. And even those of us who like fried clams shudder a bit at the sight. Five or even 10 fried clams can be a treat, but 30 clams is ridiculous. Anyone who pays for an all-you­ ­ an­ ­ at -c - e meal wants to make the most of it, but a sensible person knows when one more bite would be one bite too many. Notice that last sentence. We said that customers in a restaurant want to “make the most” of their meal; that sounds as if they are trying to maximize something. And we also said that they will stop when consuming one more bite would be a mistake; they are making a marginal decision. But it is a marginal decision that also involves a person’s tastes. While economists can’t say much about where tastes come from, they can say a lot about how a rational individual uses .

• Kinh tế học
• he rational consumer
• Perfect competition
• The supply curve
• The distribution of income
• Factor markets
• Public goods
• Principles of economics
• Lecture Principles of economics
• Tax policy
• Government decisions
• Public economics
• Lecture Public economics
• Negative externalities
• Transaction costs
• Cap and trade programmes
• Public expenditure
• Public growth
• Government expenditure patterns
• Common resource
• Types of goods
• Cost benefit analysis
• Principles of microeconomics
• Lecture Principles of microeconomics
• Common resources
• Cost benefit analysis
• Public finance
• Lecture Public finance
• The corporation tax
• Tax equity
• Public services
• Inflation taxation
• Taxes on goods
• Taxes on services
• Tax reform
• Indirect taxes
• Lecture Economics
• Economic growth
• Kinh tế học
• Bài tập tiếng Anh về kinh tế
• Bài tập kinh tế
• Public goods and common resources
• Hàng hóa công cộng
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• Tài nguyên chung
• Lecture Macroeconomics
• Kinh tế vĩ mô
• Economic theory
• Market failures
• Competitive markets
• Private information
• Monopolistic competition
• Economic inequality
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• Pure private good
• Economic principles
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• Diagnosis and Management
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• equivalent to loosening
• investors represent
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• Geopolymer Composite
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• The factors of production
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• The public budget
• Political choices
• Public choices
• Monitoring jobs and inflation
• Aggregate demand
• Aggregate supply
• Output and costs
• Markets for factors of production
• period relative
• pessimistic beliefs
• Future Potentials
• Natural Fiber Polymer
• Composites Technology Applied
• Recovery and Protection
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• báo cáo y học
• công trình nghiên cứu về y học
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• thesis
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• Public and Pediatrics
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• Emerging Risks
• Xenotropic Murine
• Leukemia Virus Related