principles of economic

billion budget line Canon capital combination commodity computers consumer consumption Corporation countries decrease demand and supply demand curve deposits Diminishing Returns economic effect elasticity employment example expenditures exports factors Figure firms Fixed Cost graph higher illustrate important income increase indifference curve industry inflation investment isocost isocost curve isoquant kilos land less long-run long-run average cost losses Manila marginal cost marginal revenue marginal utility maximum profit ment Metro Manila Mitarai monetary money supply monopolistic competition monopoly National oligopoly P₁ payments percent peso Philippines price and output problem profit maximization purchase pure competition quantity rate of substitution resource efficiency resource inputs result returns to scale satisfaction sellers shift short-run supply curve surplus TABLE tion Total Cost Total Revenue trade unit of output Variable Cost wages Wal-Mart workers Xerox