Managerial Economics
Calculus Lecture
Social Welfare and Policy Analysis. Measuring the Gains from Trade Whenever an exchange (or trade) takes place between a consumer and a producer, both.
Fundamentals of Markets © 2011 D. Kirschen and the University of Washington 1.
Chapter 20
Sales and Purchase Taxes: Who Bears the Burden?
Fundamentals of Markets
Chapter 20 Cost Minimization. Basic model: min x1, x2 w 1 x 1 + w 2 x 2 subject to f (x 1, x 2 ) = y gives c ( w 1, w 2, y )
