TAILIEUCHUNG - Microeconomics and principles (Eighth edition): Part 2

(BQ) Continued part 1, part 2 of document Microeconomics and principles (Eighth edition) has contents: The costs of production, the costs of production, monopolistic competition, the markets for the factors of production, earnings and discrimination, income inequality and poverty,. and other contents. Invite you to refer. | PARTV Firm Behavior and the Organization of Industry BKyright 2018 Cengage Learning. All Rights Reserved. May not be copied scanned or duplicated in whole or in part. WCN 02-200-203 Copyright 2018 Cengage Learning. All Rights Reserved. May not be copied scanned or duplicated in whole or in part. WCN 02-200-203 CHAPTER The Costs of Production 13 The economy is made up of thousands of firms that produce the goods and services you enjoy every day General Motors produces automobiles General Electric produces lightbulbs and General Mills produces breakfast cereals. Some firms such as these three are large they employ thousands of workers and have thousands of stockholders who share the firms profits. Other firms such as the local barbershop or café are small they employ only a few workers and are owned by a single person or family. In previous chapters we used the supply curve to summarize firms production decisions. According to the law of supply firms are willing to .

• Quản trị kinh doanh
• Principles of microeconomics
• income inequality
• The markets for the factors
• The costs of production
• Monopolistic competition
• Lecture Principles of microeconomics
• Ten principles of economics
• Scarce resources
• Scarcity implies choice
• Choice implies cost
• Thinking like an economist
• Economic models
• Circular flow diagram
• Production possibilities frontier
• The gains from trade
• Production possibilities
• Comparative advantage
• Absolute advantage
• Market forces
• Supply and demand
• Market economies
• Competitive markets
• Price elasticity of demand
• Price elasticity
• Midpoint method
• Demand curves
• Controls on prices
• Price ceiling
• Price floor
• Market outcomes
• Market failures
• Negative externalities
• Positive externalities
• Market inefficiency
• Public goods
• Common resources
• Types of goods
• Cost benefit analysis
• Tax system
• Federal government
• Marginal tax rate
• Budget surplus
• Costs of production
• Total revenue
• Total cost
• Opportunity costs
• Firms in competitive markets
• Average revenue
• Marginal revenue
• Sunk costs
• Monopoly resources
• Government created monopolies
• Natural monopolies
• Monopoly’s revenue
• Nash equilibrium
• Equilibrium for oligopoly
• Game theory
• Long run equilibrium
• Perfect competition
• Production possibility frontier
• Opportunity cost
• Rational people
• Indirect effects
• Law of demand
• Factors change demand
• Law of supply
• Market demand
• Demand intersect
• Demand determine prices
• Change in demand
• Change in supply
• Elastic demand curve
• Policy analysis with supply
• Policy analysis with demand
• Wealth creation
• Production cost
• Total surplus
• International trade
• Additional benefits of trade
• Average costs
• Break even price
• Increasing marginal costs
• Long run analysis
• Firms profit graphically
• Accounting profit
• Market effectiveness
• Monopolist pricing
• Price discrimination
• Antitrust laws
• Disruptive innovation in oligopolies
• Predatory pricing