Microeconomics
#777 of 2,654 all-time
Microeconomics
Arthur J. Lewbel and David A. Malueg
9 people recommended it in 3 threads, 2016–2023.
What people on Hacker News said
In Chapter 11, we discussed how firms can maximize profits by producing the quantity such that P=MC, entering industries where P>AC, and exiting industries where P<AC. We also discussed how the movement of labor from weaker firms to stronger firms can increase efficiency.
It gave me a really good explanation of why costs aren't totally passed onto consumers, and what conditions affect how much cost is passed on.
Where it comes up
- Show HN: I turned my microeconomics textbook into a chatbot with GPT-3 2023 · 7 recommendations
- Ask HN: What are the must-read books about economics/finance? 2016 · 1 recommendation
- Ask HN: Book Recommendations? 2016 · 1 recommendation