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Textbook Notes for Coiner Harry( Michael)

BRANDEISECON 10aCoiner Harry( Michael)Fall

ECON 10a Chapter Notes - Chapter 10: Externality, Social Cost, Coase Theorem

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BRANDEISECON 10aCoiner Harry( Michael)Fall

ECON 10a Chapter Notes - Chapter 21: Inferior Good, Normal Good, Giffen Good

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The slope of the budget constraint equals the relative price of the goods. An indifference curve shows the various bundles of goods that make the consu
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BRANDEISECON 10aCoiner Harry( Michael)Fall

ECON 10a Chapter Notes - Chapter 19: Efficiency Wage, Signalling Theory, Human Capital

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To some extent, wage differentials compensate workers for job attributes. Other things being equal, workers in hard, unpleasant jobs are paid more than
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BRANDEISECON 10aCoiner Harry( Michael)Fall

ECON 10a Chapter Notes - Chapter 17: Perfect Competition, Oligopoly, Nash Equilibrium

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BRANDEISECON 10aCoiner Harry( Michael)Fall

ECON 10a Chapter Notes - Chapter 16: Monopolistic Competition, Perfect Competition, Oligopoly

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Competition with differentiated products: the monopolistically competitive firm in the short run and the long run. Equilibrium: the long run equilibriu
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BRANDEISECON 10aCoiner Harry( Michael)Fall

ECON 10a Chapter Notes - Chapter 14: Sunk Costs, Average Variable Cost, Market Power

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It is also equal to the price of a good: because a competitive firm is a price taker, its revenue is proportional to the amount of output it produces.
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BRANDEISECON 10aCoiner Harry( Michael)Fall

ECON 10a Chapter Notes - Chapter 13: Marginal Cost, Variable Cost, Average Variable Cost

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Some of the opportunity costs, such as the wages a firm pays its workers, are explicit. Other opportunity costs, such as the wages the firm owner gives
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BRANDEISECON 10aCoiner Harry( Michael)Fall

ECON 10a Chapter Notes - Chapter 11: Excludability

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BRANDEISECON 10aCoiner Harry( Michael)Fall

ECON 10a Chapter Notes - Chapter 20: Social Insurance, Negative Income Tax, Robert Nozick

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Income inequality and poverty pages 413 432: the measurement of inequality, u. s. income inequality and the poverty rate, data on the distribution of i
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BRANDEISECON 10aCoiner Harry( Michael)Fall

ECON 10a Chapter Notes - Chapter 22: Behavioral Economics, Adverse Selection

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BRANDEISECON 10aCoiner Harry( Michael)Fall

ECON 10a Chapter Notes - Chapter 15: Market Failure, Deadweight Loss, Demand Curve

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Why monopolies arise: monopoly resources and government created monopolies, a monopoly is a firm that is the sole seller of a product without close sub
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BRANDEISECON 10aCoiner Harry( Michael)Fall

ECON 10a Chapter Notes - Chapter 12: Deadweight Loss, Proportional Tax, Regressive Tax

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