Social and Cultural Dynamics ...: FLuctuation of social relationships, war, and revolution |
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Strana 5
CHAPTER II THE ANALYTICAL FRAMEWORK Preliminary Formal
Considerations " Free " goods are goods or services supplied by a dispensing
agency to the consumer at a zero money price . The spectrum of such " free "
goods being ...
CHAPTER II THE ANALYTICAL FRAMEWORK Preliminary Formal
Considerations " Free " goods are goods or services supplied by a dispensing
agency to the consumer at a zero money price . The spectrum of such " free "
goods being ...
Strana 6
The application of this analysis to " free " goods is inappropriate because their
explicit money price is zero and the income constraint is irrelevant . The
equilibrium consumption of a zero priced good is independent of the income
constraint .
The application of this analysis to " free " goods is inappropriate because their
explicit money price is zero and the income constraint is irrelevant . The
equilibrium consumption of a zero priced good is independent of the income
constraint .
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 ...
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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