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Substitution and Income Effects 116 APPLICATIONS OF INDIFFERENTE CURVE ANALYSIS 117 Choices by Consumers 117 Buy One, Get One Free 117 Cash Gifts, In-Kind Gifts, and Gift Certificates 118 Choices by Workers and Managers 121 A Simpiified Model of Inco
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Economic Cost versus Accounting Cost 216 Opportunity Cost 216 Sunk Costs 217 Fixed Costs and Variable Costs 219 Fixed versus Sunk Costs 220 Marginal and Average Cost 222 7.2 Cost in the Short Run 223 The Determinants ofShort-Run Cost 223 The Shapes o
What Is a "Small" Business? 82 The Importance of Small Business in the U.S. Economy 82 Popular Areas of Small-Business Enterprise 84 Managing in Turbulent Times: The Wide World of Risk 85 Entrepreneurship 86 Entrepreneurial Characteristics 86 Startin
Technology and the Manager's Job | Is It Still Managing When What You're Managing Are Robots? 38 Why Is Innovation Important to the Manager's Job? 39
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International Economics Ninth Edition
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