Price Theory: A Provisional Text

alternative amount analysis average variable cost blades change in price commodity competitive conditions of supply consider constant consumer consumption curves of factors defined demand curve depends derived demand determine distribution of income economic effect elasticity entrepreneurial capacity equal equations equilibrium example excise tax expected utility expected wealth external factor market factors of production fraction given horizontal incentive income effect income tax increase indifference curve individual firm industry inelastic involved less long-run marginal cost curves marginal factor cost marginal revenue marginal utility means money income negative occupations optimum output P₁ payment permanent income streams position possible probability distribution problem production function productive services Quantity per unit rate of interest ratio real income redistributive arrangement regarded relevant revenue Robinson Crusoe short-run slope society sources stock of capital substitution supply curve suppose theory tion union utility function variable cost curve W₁ X₁ yield