“The Economic Way of Thinking”12th Edition.pptVIP

“The Economic Way of Thinking”12th Edition Chapter Outline Introduction Refresher on Opportunity Costs Costs are Tied to Actions, Not Things The Irrelevance of “Sunk Costs” Producers’ Costs as Opportunity Costs Marginal Opportunity Costs Costs and Supply Chapter Outline The Supply Curve Supply Itself Can Change Marginal and Average Costs The Cost of a Volunteer Military Force（志愿兵） Price Elasticity of Supply Cost as Justification Introduction 经济学的供给理论和需求理论从本质上来说没有什么区别。 The theory of supply, like demand theory, assumes that decision makers face alternatives and choices. Choices based on compari