Chapter 5: Externalities
Ch. 2: The Economic Problem.
Introduction to Economics
Marginal Benefits, Costs, and Net Benefits. Opportunity Cost and Decisions An explicit cost is a cost that involves actually laying out money. An implicit.
MICROECONOMICS Ch2 The Economic Problem Cheryl Fu.
Decision Making by Individuals and Firms Chapter 9.
MICROECONOMICS Chapter 5 Efficiency and Equity Cheryl Fu.
Lecture 2.2 Market Efficiency Govt Regulation
Chapter 6 PowerPoint Markets, Maximizers and Efficiency.
THE ECONOMIC PROBLEM
The assumption of maximizing behavior lies at the heart of economic analysis.