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# In [[microeconomics]], two commodities <math>X</math> and <math>Y</math> are called [[Substitut ...

...nue but it incurs no costs, fixed or variable.<ref>Mankiw, N Principles of Microeconomics 4th ed. (Thomson 2007) p 298.</ref> # Bade, R and M. Parkin, 2009. ''Foundations of Microeconomics'', 4th ed. Pearson ...

{{microeconomics-stub}} ...

In [[microeconomics]] and [[contract theory]], the '''first-order approach''' is a simplifying [[Category:Microeconomics]] ...

...rac {\partial Y} {\partial L}.</math><ref name="Perloff173">Perloff, J., ''Microeconomics Theory and Applications with Calculus'', Pearson 2008. p. 173.</ref> ...ising (assuming a constant wage rate).<ref>Pindyck, R. and D. Rubinfeld, ''Microeconomics'', 5th ed. Prentice-Hall 2001.</ref> ...

In [[microeconomics]], excess demand, also known as [[shortage]], is a phenomenon where the dem In [[microeconomics]], an '''excess demand function''' is a function expressing excess demand f ...

* {{Cite book|last=Perloff|first=J.|title=Microeconomics Theory & Applications with Calculus|publisher=Pearson|year=2008|isbn=978-0- * {{Cite book|last1=Samuelson|last2=Nordhaus|year=2001|title=Microeconomics|edition=17th|publisher=McGraw-Hill}} ...

...al cost]].<ref name="IntermediateMicro">Roger LeRoy Miller, ''Intermediate Microeconomics Theory Issues Applications, Third Edition'', New York: McGraw-Hill, Inc, 1 ...

An example in [[microeconomics]] is the constant elasticity [[demand curve|demand function]], in which ''p ...

* {{Cite book|last1=Pindyck|last2=Rubinfeld|title=Microeconomics|edition=5th|publisher=Prentice-Hall|year=2001}} ...

...of [[consumer behaviour]], producer behaviour and equilibrium as a part of microeconomics. In other fields of economics, the Robinson Crusoe economy framework is use ...o understand the elementary form of consumer theory and producer theory in microeconomics. For dividing his time between being a consumer and producer, he must set u ...

[[Category:Microeconomics]] ...

In [[microeconomics]], the '''Bertrand–Edgeworth model''' of price-setting oligopoly looks at w {{microeconomics}} ...

...onopoly]].<ref name="IntermediateMicro">Roger LeRoy Miller, ''Intermediate Microeconomics Theory Issues Applications, Third Edition'', New York: McGraw-Hill, Inc, 19 ...ite book |last1=Melvin |first1=Michael |last2=Boyes |first2=William |title=Microeconomics (5th ed.) |date=2002 |publisher=Houghton Mifflin |page=239}}</ref> The firm ...

...\mathit{TR}(Q) = P(Q) \times Q</math>,<ref>{{Cite book|title=Principles of Microeconomics, 7e|last=Mankiw|first=N. Gregory|publisher=Cengage Learning|year=2013|isbn= ...m:<ref>{{Cite web|url=https://www.khanacademy.org/economics-finance-domain/microeconomics/elasticity-tutorial/price-elasticity-tutorial/v/total-revenue-and-elasticit ...

{{Short description|Problem in microeconomics}} ...

...cial Networks and the Wisdom of Crowds |journal=American Economic Journal: Microeconomics |volume=2 |issue=1 |pages=112–149 |doi=10.1257/mic.2.1.112 |citeseerx=10.1. ...

...my generalizes both a [[competitive equilibrium|Walrasian equilibrium]] in microeconomics, and a [[Nash equilibrium]] in game-theory. ...

*[[Microeconomics]] ...

...in Social Networks and the Wisdom of Crowds]," American Economic Journal: Microeconomics, American Economic Association, vol. 2(1), pages 112-49, February.</ref> ...