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  2. Deadweight loss - Wikipedia

    en.wikipedia.org/wiki/Deadweight_loss

    In economics, deadweight loss is the loss of societal economic welfare due to production/consumption of a good at a quantity where marginal benefit (to society) does not equal marginal cost (to society) – in other words, there are either goods being produced despite the cost of doing so being larger than the benefit, or additional goods are not being produced despite the fact that the ...

  3. Williamson tradeoff model - Wikipedia

    en.wikipedia.org/wiki/Williamson_tradeoff_model

    However, the industry is now less competitive, with a monopoly being the most extreme example. Since the firm is no longer a price taker, the price it charges will be above the (now lower) unit cost. For a monopoly, for example, the price will be set where the unit/marginal cost intersects marginal revenue.

  4. Monopsony - Wikipedia

    en.wikipedia.org/wiki/Monopsony

    This is a net social loss and is called deadweight loss. It is a measure of the market failure caused by monopsony power, through a wasteful misallocation of resources. As the diagram suggests, the size of both effects increases with the difference between the marginal revenue product MRP and the market wage determined on the supply curve S ...

  5. Monopoly - Wikipedia

    en.wikipedia.org/wiki/Monopoly

    If the monopoly were permitted to charge individualised prices (this is termed third degree price discrimination), the quantity produced, and the price charged to the marginal customer, would be identical to that of a competitive company, thus eliminating the deadweight loss; however, all gains from trade (social welfare) would accrue to the ...

  6. Allocative efficiency - Wikipedia

    en.wikipedia.org/wiki/Allocative_efficiency

    [3] [4] At this point the social surplus is maximized with no deadweight loss (the latter being the value society puts on that level of output produced minus the value of resources used to achieve that level). Allocative efficiency is the main tool of welfare analysis to measure the impact of markets and public policy upon society and subgroups ...

  7. Ramsey problem - Wikipedia

    en.wikipedia.org/wiki/Ramsey_problem

    The Ramsey problem, or Ramsey pricing, or Ramsey–Boiteux pricing, is a second-best policy problem concerning what prices a public monopoly should charge for the various products it sells in order to maximize social welfare (the sum of producer and consumer surplus) while earning enough revenue to cover its fixed costs.

  8. 12 reasons you aren't losing weight even though you're eating ...

    www.aol.com/12-reasons-arent-losing-weight...

    Meaning: If you aren't weighing yourself at a consistent time each day, expect to see different numbers on the scale. Eating or drinking anything adds weight, even the healthy stuff.

  9. Microeconomics - Wikipedia

    en.wikipedia.org/wiki/Microeconomics

    It may be represented as a table or graph relating price and quantity supplied. Producers, for example business firms, are hypothesized to be profit maximizers, meaning that they attempt to produce and supply the amount of goods that will bring them the highest profit. Supply is typically represented as a function relating price and quantity ...