Price System and Resource Allocation

by Richard Henry Leftwich, Ross D. Eckert

The organization of an economic system; Demand, supply, and market price under pure competition; Individual consumer the utility approach; individual consumer the indifference curve approach; Market classifications and the demand curve faced by the firm; The principles of production; Costs of production; Pricing and output under pure competition; Pricing and output under pure monopoly; Pricing and output under oligopoly; Pricing and output under monopolistic competition; Pricing and employment of pure competition; Pricing and employment of monopoly and monopsony; Resource allocation; Product distribution; Equilibrium; Linear programming.

Genres: Economics

672 pages, Hardcover

First published January 1, 1970