Social and Cultural Dynamics ...: FLuctuation of social relationships, war, and revolution |
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Strana 54
31 ) and average C , / 0 ( $ 21 . 46 ) , the elasticity of demand for " free " services
with respect to their time price can be computed as . 013 . Using the elasticity of
demand formula , it can be calculated that if the time price were zero , clients , on
...
31 ) and average C , / 0 ( $ 21 . 46 ) , the elasticity of demand for " free " services
with respect to their time price can be computed as . 013 . Using the elasticity of
demand formula , it can be calculated that if the time price were zero , clients , on
...
Strana 55
the time price were zero , clients , on the average , would demand $ 16 . 07 more
of services , thus making the average total demand $ 653 . 38 . This would be a
marginal increase in the quantity of services demanded . The implications of the ...
the time price were zero , clients , on the average , would demand $ 16 . 07 more
of services , thus making the average total demand $ 653 . 38 . This would be a
marginal increase in the quantity of services demanded . The implications of the ...
Strana 56
Using B , 1 . 047 ) in 18d ( the most significant supply regression ) and , from the
transformed data , average M ( 28 . 18 ) and average C , / M ( $ 87 . 92 ) , the
clients ' elasticity of supply of time with respect to its price can be computed as .
079 .
Using B , 1 . 047 ) in 18d ( the most significant supply regression ) and , from the
transformed data , average M ( 28 . 18 ) and average C , / M ( $ 87 . 92 ) , the
clients ' elasticity of supply of time with respect to its price can be computed as .
079 .
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accepted agency allocated alterations amount analysis assumed average basis becomes benefits budget Chapter choice client combining commodities considerations constraint consumption cost defined Department depend determined developed disability type discounted district economic Education effect empirical equilibrium consumptions estimated expanded expected forecasts formulations future periods give given Government Health human implies included income income effect increase individual individual's demand inputs interest investment activities larger less limited magnitude marginal maximize maximum Michigan month monthly multiperiod nature necessary needed negative observations obtained Office opportunity earnings parameter particular payments period physical poor positive present present period production functions production possibilities quantity received recipient recorded regressions relation relationship service demanded significant social statistics substitution effect supply TABLE term tion unit of service utility variables vocational rehabilitation services wage prediction equation wage rate weekly earnings welfare zero