Cost Curves and Supply Curves
Author : Jacob Viner
Publisher : Springer
Page : 26 pages
File Size : 31,31 MB
Release : 2013-12-21
Category : Business & Economics
ISBN : 3662398427
Cost Curve
Author : Fouad Sabry
Publisher : One Billion Knowledgeable
Page : 235 pages
File Size : 11,50 MB
Release : 2024-03-29
Category : Business & Economics
ISBN :
Book Description
What is Cost Curve In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms optimize their production process by minimizing cost consistent with each possible level of production, and the result is a cost curve. Profit-maximizing firms use cost curves to decide output quantities. There are various types of cost curves, all related to each other, including total and average cost curves; marginal cost curves, which are equal to the differential of the total cost curves; and variable cost curves. Some are applicable to the short run, others to the long run. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Cost curve Chapter 2: Perfect competition Chapter 3: Profit maximization Chapter 4: Minimum efficient scale Chapter 5: Marginal cost Chapter 6: Production function Chapter 7: Average cost Chapter 8: Marginal product Chapter 9: Diminishing returns Chapter 10: Economic cost Chapter 11: Isoquant Chapter 12: Conditional factor demands Chapter 13: Total cost Chapter 14: Average variable cost Chapter 15: Long run and short run Chapter 16: Supply (economics) Chapter 17: Shutdown (economics) Chapter 18: Marginal product of labor Chapter 19: Long-run cost curve Chapter 20: Socially optimal firm size Chapter 21: Expansion path (II) Answering the public top questions about cost curve. (III) Real world examples for the usage of cost curve in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Cost Curve.
Bending the Cost Curve in Health Care
Author : Gregory P. Marchildon
Publisher : University of Toronto Press
Page : 518 pages
File Size : 39,60 MB
Release : 2014-12-03
Category : Political Science
ISBN : 1442609788
Book Description
Through Canadian and international perspectives, Bending the Cost Curve in Health Care explores the management of growing health costs in an extraordinarily complex arena. The book moves beyond previous debates, agreeing that while efficiencies and better value for money may yet be found, more fundamental reforms to the management and delivery of health services are essential prerequisites to bending the cost curve in the long run. While there is considerable controversy over direction and details of change, there also remains the challenge of getting agreement on the values or principles that would guide the reshaping of the policies, the structures, and the regulatory environment of health care in Canada. Leading experts from around the world representing a range of disciplines and professional backgrounds come together to organize and define the problems faced by policy-makers. Case studies from the United States, the United Kingdom, Australia, the Nordic countries, and industrialized Asian countries such as Taiwan offer useful reform experiences for provincial governments in Canada. Finally, common Canadian cost factors, such as pharmaceuticals and technology, and paying the health workforce, are explored. This book is the first volume in The Johnson-Shoyama Series on Public Policy, published by the University of Toronto Press in association with the Johnson-Shoyama Graduate School of Public Policy, an interdisciplinary centre for research, teaching, and executive training with campuses at the Universities of Regina and Saskatchewan.
Intermediate Microeconomics
Author : Patrick M. Emerson
Publisher :
Page : pages
File Size : 20,71 MB
Release : 2019
Category : Economics
ISBN :
Book Description
Microeconomic Theory for the Social Sciences
Author : Takashi Hayashi
Publisher : Springer Nature
Page : 544 pages
File Size : 39,67 MB
Release : 2021-07-21
Category : Mathematics
ISBN : 9811635412
Book Description
This textbook covers microeconomic theory at the level of intermediate and advanced undergraduates. It is also intended as an introduction for those with other intellectual and academic backgrounds who may not necessarily agree with “mainstream” economists but at least are interested knowing how they think and see things. The book provides thorough explanations of definitions and assumptions that the theory is based upon. It provides comprehensive accounts of motivations and reservations behind the theory. As well, it precisely presents the logical process of how the assumptions lead to the conclusion, conveying the intuition and the key of the arguments. An abundance of topics is included here: individual choice, general equilibrium, partial equilibrium, game theory, imperfect competition, transaction under incomplete information, market failures, welfare economics, social choice and mechanism design. The book is a valuable resource for any reader studying or simply interested in microeconomic theory.
Foundations of a Pure Cost Theory
Author : Heinrich von Stackelberg
Publisher : Springer Science & Business Media
Page : 163 pages
File Size : 18,4 MB
Release : 2013-10-23
Category : Business & Economics
ISBN : 3642345379
Book Description
Heinrich von Stackelberg's book, "Grundlagen einer reinen Kostentheorie", published in 1932 was at the forefront of a growing conceptual revolution in the theory of the firm, a theory which appears more relevant than ever in today’s economic climate. In this work, Stackelberg masterfully built a theoretical framework which he later developed in Market Structure and Equilibrium. Foundations of a Pure Cost Theory represents the first translation of the original German version into English. This substantial book offers readers a critical and technical understanding of the firm, how firms function and the environments in which they operate. Fundamental notions of cost production, market economy, optimum position and velocities of production are given prominence. Ultimately, this work, which remains largely unknown, can be seen as a milestone text in our understanding of the strategies adopted by firms as a whole. The book has been meticulously translated from the German into English, retaining the author’s examples in their historical context and capturing the spirit of the time with all its subtlety and significance.
Documents from F. Taylor Ostrander at Oxford, John R. Commons' Reasonable Value and Clarence E. Ayres' Last Course
Author : Warren J. Samuels
Publisher : Emerald Group Publishing
Page : 349 pages
File Size : 26,20 MB
Release : 2008-06-16
Category : Business & Economics
ISBN : 1846639069
Book Description
Describes the graduate career of F.Taylor Ostrander, notable the year spent at Oxford University. This volume also contains two documents important for the history of Institutional Economics, John R. Commons' "Reasonable Value"; and notes from Clarence E. Ayres' final course taught on institutional economics, at the University of Texas.
Economics for B.A. Students Semester I ( As per NEP) UP, 1/e
Author : Ahuja H.L.
Publisher : S. Chand Publishing
Page : 750 pages
File Size : 26,78 MB
Release :
Category : Business & Economics
ISBN : 9355012217
Book Description
This textbook has been conceptualized to meet the need of B.A. First Semester students of Economics as per Common Minimum Syllabus prescribed for all Uttar Pradesh State Universities and Colleges under the recommended National Education Policy 2020. Maintaining the traditional approach to the subject, this textbook comprehensively covers first semester paper Principles of Microeconomics. This textbook acquaints the students with the important concepts of microeconomics such as demand, supply & market equilibrium, theory of consumer's behaviour, theory of production & cost, theory of firm & pricing in perfect competition, price & output under monopoly & imperfect competition, theory of distribution and lastly welfare economics & economic efficiency
Economics, Second Edition
Author : Timothy Tregarthen
Publisher : Macmillan
Page : 760 pages
File Size : 25,46 MB
Release : 1999-12-23
Category : Business & Economics
ISBN : 9781572594180
Book Description
An introduction to the principles of microeconomics and macroeconomics that establishes strong links between theoretical principles and real-world experience, while incorporating clear and consistent international focus throughout the text.
Economics of Tourism and Hospitality
Author : Yong Chen
Publisher : Routledge
Page : 516 pages
File Size : 24,5 MB
Release : 2021-05-14
Category : Business & Economics
ISBN : 1000372421
Book Description
This book offers students an accessible and applied introduction to microeconomics in tourism and hospitality through a comprehensive analysis of the market mechanism, demand and supply, firm behavior and strategy, and transaction and institution. This book not only helps students to master core microeconomic theories that are essential for understanding the tourism and hospitality industry, but, more importantly, it guides students to analyze consumer behavior and firm strategy specific to the industry. Throughout the book, readers are guided to develop the economic analysis of tourism and hospitality that progresses from economic intuition to graphical representation and to mathematical quantification. Carefully corralled case studies showcase the applications of key microeconomic theories in solving a wide range of real-world problems, including Uber’s surge pricing, Airbnb’s supply adjustment, and McDonald’s and Burger King vying for prime locations. This book is written in an accessible style, illustrated with exquisite diagrams, and enriched with a range of other features, such as chapter summaries, review questions, and further readings to aid readers’ further understanding. By reading this book, students will be able to develop an economist’s way of thinking, which will enable them to analyze tourism and hospitality businesses in a rigorous and critical manner. This book is essential reading for all tourism and hospitality students and teachers.
