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

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CONTENTS

xi

13.10 The Demand Curve of the Firm for One of Several

Variable Inputs 287

13.11 The Market Demand Curve and Input Pricing 287

Monopsony

13.12 Input Supply Curve and Marginal Resource Costs 288

13.13 Pricing and Employment for One Variable Input 289

13.14 Pricing and Employment of Several Variable Inputs 289

CHAPTER 14 General Equilibrium and Welfare Economics 312

General Equilibrium

14.1 Partial and General Equilibrium Analysis 312

14.2 General Equilibrium of Exchange 312

14.3 General Equilibrium of Production 313

14.4 The Transformation Curve 314

14.5 The Slope of the Transformation Curve 315

14.6 General Equilibrium of Production and Exchange 315

Welfare Economics

14.7 Welfare Economics Defined 316

14.8 The Utility-Possibility Curve 316

14.9 Grand Utility-Possibility Curve 317

14.10 The Social Welfare Function 317

14.11 The Point of Maximum Social Welfare 318

14.12 Perfect Competition and Economic Efficiency 318

14.13 Externalities and Market Failure 318

14.14 Public Goods 319

CHAPTER 15 The Economics of Information 336

15.1 The Economics of Search 336

15.2 Searching for The Lowest Price 336

15.3 Asymmetric Information: The Market for Lemons and

Adverse Selection 337

15.4 Market Signaling 337

15.5 The Problem of Moral Hazard 337

15.6 The Principal-Agent Problem 338

15.7 The Efficiency Wage Theory 338

Final Examination 347

Index 351

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