Dominick Salvatore Schaums Outline of Microeconomics, 4th edition Schaums Outline Series 2006

viii
CONTENTS
4.5 Characteristics of Indifference Curves 66
4.6 The Budget Constraint Line 67
4.7 Consumer Equilibrium 67
4.8 Exchange 68
4.9 The Income-Consumption Curve and the Engel Curve 68
4.10 The Price-Consumption Curve and the Consumer’s
Demand Curve 69
4.11 Separation of the Substitution and Income Effects 70
CHAPTER 5 Advanced Topics in Consumer Demand Theory 102
5.1 The Substitution Effect According to Hicks and Slutsky 102
5.2 The Theory of Revealed Preference 103
5.3 Index Numbers and Changes in the Standard of Living 104
5.4 Utility Theory Under Uncertainty 105
5.5 A New Approach to Consumer Theory—the Demand
for Characteristics 106
5.6 Empirical Demand Curves 107
CHAPTER 6 Theory of Production 118
6.1 Production With One Variable Input:
Total, Average, and Marginal Product 118
6.2 The Shapes of the Average and Marginal Product Curves 119
6.3 Stages of Production 120
6.4 Production With Two Variable Inputs: Isoquants 121
6.5 The Marginal Rate of Technical Substitution 122
6.6 Characteristics of Isoquants 122
6.7 Isocosts 123
6.8 Producer Equilibrium 124
6.9 Expansion Path 124
6.10 Factor Substitution 125
6.11 Constant, Increasing, and Decreasing Returns To Scale 125
CHAPTER 7 Costs of Production 146
7.1 Short-Run Total Cost Curves 146
7.2 Short-Run Per-Unit Cost Curves 147
7.3 The Geometry of Short-Run Per-Unit Cost Curves 148
7.4 The Long-Run Average Cost Curve 149
7.5 The Shape of The Long-Run Average Cost Curve 150
7.6 The Long-Run Marginal Cost Curve 151
7.7 The Long-Run Total Cost Curve 152
7.8 The Cobb-Douglas Production Function 152