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File: Koutsoyiannis Microeconomics Pdf 128289 | 1 Item Download 2022-10-14 00-27-03
modern microeconomics a koutsoyiannis professor of economics university of waterloo ontario m a koutsoyiannis 1975 all rights reserved no part of this publication may be reproduced or transmitted in any ...

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              MODERN 
       MICROECONOMICS 
             A.  KOUTSOYIANNIS 
              Professor of 
                    Economics 
            University of 
                  Waterloo, Ontario 
                 M 
                                                ©  A.  Koutsoyiannis 1975 
                                     All  rights reserved. No part of 
                                                                    this publication 
                                     may be reproduced or 
                                                            transmitted, in any form 
                                          or by any means, without permission. 
                                                    First edition 1975 
                                             Reprinted 1976 
                                                           (twice), 1977 (twice) 
                                                      Published 
                                                                by 
                                        THE MACMILLAN PRESS LTD 
                                                 London and 
                                                             Basin!{stoke 
                                          Associated 
                                                     companies in Delhi 
                                                                       Dublin 
                                        Hong 
                                             Kong 
                                                   Johannesburg 
                                                                Lagos 
                                                                      Melbourne 
                                             New 
                                                  YorkS 
                                                        ingapore 
                                                                 and 
                                                                     Tokyo 
                            ISBN 978-0-333-18285-7              ISBN 978-1-349-15603-0 (eBook) 
                                              DOI 
                                                   10.1007/978-1-349-15603-0 
                                                By the same 
                                                                author 
                                     THEORY OF ECONOMETRICS 
                                                   (Second 
                                                           Edition) 
                                  This book is sold subject to the standard conditions 
                                              of 
                                                 the Net Book Agreement. 
                                  The paperback 
                                                 edition 
                                                         of 
                                                            this book is sold subject to 
                                  the  condition  that it  shall  not,  by  way  of trade or 
                                  otherwise,  be  lent,  resold,  hired  out,  or otherwise 
                                  circulated without 
                                                    the 
                                                        publisher's 
                                                                   prior 
                                                                        consent in any 
                                  form of 
                                          binding 
                                                  or 
                                                     cover 
                                                           other 
                                                                than 
                                                                     that 
                                                                          in which it is 
                                  published and without a similar condition including 
                                  this  condition  being  imposed  upon  the  subsequent 
                                                       purchaser. 
               To Charles F. Carter 
                     and 
                  Janet Carter 
                     Contents 
                     Preface                                                                                                              xi 
                                                                       PART ONE 
                                                    THE BASIC TOOLS OF ANALYSIS 
                           INTRODUCTION                                                                                                    3 
                              I   Economic Models                                                                                          3 
                             II   Classification of Markets                                                                               4 
                           III  The Concept of an 'Industry'                                                                               7 
                                  A.     The Importance of the Concept of an 'Industry'                                                   7 
                                  B.     Criteria for the Classification of Firms into Industries                                         8 
                       2  THEORY OF DEMAND                                                                                               13 
                              I   Theory of Consumer Behaviour                                                                           13 
                                  A.     The Cardinal Utility Theory                                                                     14 
                                   B.    The Indifference Curves Theory                                                                  17 
                                  C.     The Revealed Preference Hypothesis                                                              28 
                                  D.  The Consumers' Surplus                                                                             32 
                                  E.     Some Applications of Indifference Curves Analysis                                               35 
                             II  The Market Demand                                                                                       44 
                                  A.     Derivation of the Market Demand                                                                 44 
                                  B.     Determinants of Demand                                                                          45 
                                  C.     Elasticities of Demand                                                                          46 
                                  D.  Market Demand, Total Revenue and Marginal Revenue                                                  50 
                           III    Recent Developments in the Theory of Market Demand                                                     53 
                                  A.     The Pragmatic Approach to Demand Analysis                                                       53 
                                  B.     Linear Expenditure Systems                                                                      58 
                            IV  The Demand for the Product of a Firm                                                                     60 
                       3  THEORY OF PRODUCTION                                                                                           67 
                              I   The Production Function for a Single Product                                                           67 
                             II  Laws of Production                                                                                      76 
                                  A.     Laws of Returns to Scale                                                                        76 
                                  B.     The Law of Variable Proportions                                                                 82 
                           III  Technological Progress and the Production Function                                                       85 
                            IV  Equilibrium of the Firm: Choice of Optimal Combination of Factors 
                                  of Production                                                                                          86 
                                  A.     Single Decision of the Firm                                                                     86 
                                  B.     Choice of Optimal Expansion Path                                                                92 
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...Modern microeconomics a koutsoyiannis professor of economics university waterloo ontario m all rights reserved no part this publication may be reproduced or transmitted in any form by means without permission first edition reprinted twice published the macmillan press ltd london and basin stoke associated companies delhi dublin hong kong johannesburg lagos melbourne new yorks ingapore tokyo isbn ebook doi same author theory econometrics second book is sold subject to standard conditions net agreement paperback condition that it shall not way trade otherwise lent resold hired out circulated publisher s prior consent binding cover other than which similar including being imposed upon subsequent purchaser charles f carter janet contents preface xi one basic tools analysis introduction i economic models ii classification markets iii concept an industry importance b criteria for firms into industries demand consumer behaviour cardinal utility indifference curves c revealed preference hypoth...

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