T

Table showing demand and supply schedule,

Demand & Supply - Schedule & Equations - 1-3

Tacit collusion,

See Collusion

Takeover,

Industry Policy - Structure & Efficiency- 7,8

Tastes and demand,

Demand & Supply - Law of Demand - 2

See also Preferences

See also Utility

Taxes

• excise,
  Consumer Choice - Tax-Surplus - 1-8
  Current Events - Cigarette Tax

  and subsidies,

  Externalities - Pollution Taxes - 3, 5

  Pigouvian,

  Externalities - Pollution Taxes - 1-2, 4

  pollution,

  Externalities - Pollution Taxes - 1-5

  property,

  Production Costs - Fixed and Variable Costs - 1-2

  Perfect Competition - Cost Change - 1

  Monopolistic Competition - Cost Change - 9

  Monopoly - Cost Change - 8,11

  Production Costs - Mutiple Choice Questions - 12

  Perfect Competition - Mutiple Choice Questions - 26-28

  sales tax,

  Current Events - Cigarette Tax

Tax incidence,

Current Events - Cigarette Tax

Tax shift,

Current Events - Cigarette Tax

Technical rate of substitution (TRS),

See Production technology

See Rate of substitution

Technology,

See Production technology

Total cost,

Production Costs - Marginal Cost - 2

Perfect Competition - Short Run - 4

Production Costs - Mutiple Choice Questions - 8

Perfect Competition - Mutiple Choice Questions - 5,10

Total fixed costs (TFC),

Perfect Competition - Short Run - 2

Production Costs - Mutiple Choice Questions - 1,2,5,10,11

Perfect Competition - Mutiple Choice Questions - 12

Total profit

• and oligopoly,
  Oligopoly - Repeated Games - 3

Total revenue,

See Revenue

Total utility,

Consumer Choice - Utility - 3-7

Consumer Choice - Surplus - 1

Total variable costs (TVC),

Production Costs- Cost Computation - 2

Perfect Competition - Short Run - 6, 11

Production Costs - Mutiple Choice Questions - 9

Tradable pollution credits,

See Pollution - credits

Trade,

See Federal Trade Commission

Trademark,

Current Events - Name Game 98

trade-off (s),

Introduction - Production Possibilities - 1

Consumer Choice - Curves - 5

Factor Markets - Mutiple Choice Questions - 10

Transportation,

Demand & Supply - Production Costs - 1

Production Costs- Short Run Costs - 1

Production Costs- Cost and Profit - 3

Perfect Competition - Cost Change- 1

Transportation business,

Current Events - Oil Price Increases

Trust fund,

Factor Markets - Factor Supply - 9

U

Unemployed resources,

Introduction - PPF - 14,18

Introduction - Mutiple Choice Questions - 10

Current Events - Hurricanes and Strikes

Unemployment,

Monopolistic Competition - Cost Change - 1

Factor Markets - Market Power - 13, 16

Introduction - Mutiple Choice Questions - 10

Current Events - Holiday Employment

Current Events - Hurricanes and Strikes

Unions,

See Labor unions

U.S. Bureau of Census,

Elasticity - Mutiple Choice Questions - 13

U.S. Department of Energy,

Current Events - Energy Use

U.S. Department of Justice,

Monopoly - Introduction - 5

Current Events - Productivity

Current Events - Microsoft and DOJ

• Antitrust Division of,
  See Antitrust law

U.S. Department of Labor,

Current Events - Productivity

U.S. economy,

Current Events - Holiday Employment

Current Events - Hurricanes and Strikes

U.S. workers,

Current Events - Productivity

See also Workers

Utility, economic definition

Demand & Supply - Expectations - 2

Consumer Choice - Introduction - 2

Consumer Choice - Utility - 1

See also Preferences

See also Marginal utility

See also Total utility

Utility compensation,

Consumer Choice - Income & Substitution Effect - 8-9

Consumer Choice - Income & Substitution Effect - Utility - 1-28

Utility maximization,

Consumer Choice - Utility Maximization - 1

V

Variable costs

• average variable cost,
  See Average variable costs (AVC)

  definition of,

  Production Costs- Short Run Costs - 1

  Perfect Competition - Cost Change - 1

  graph of,

  Production Costs - Cost Curves - 8

  Production Costs - Cost Shifts - 1

  total variable costs,

  See Total variable costs

Variable factors (inputs)

See Factors of Production - Variable Factors

Variables

• shown graphically,
  Introduction - Graphs - 2

  percentage change of,

  Elasticity - Introduction - 3, 10

Very long run

• definition of,
  Production Costs- Short & Long Run - 2

W

Wage discrimination,

Factor Markets - Mutiple Choice Questions - 13

Wage rate,

Production Costs - Cost Shifts - 4,5

Factor Markets - Firm Hiring - 2,4,13

Wages,

Current Events - Holiday Employment

See also Factors of production - wage

Workers,

Current Events - Holiday Employment

Current Events - Productivity

X

X axis, in graphs

Introduction - Graphs - 2

Y

Y axis, in graphs

Introduction - Graphs - 2

Z

Zero profit

• and monopolistic competitors,
  Monopolistic Competition- Demand Change - 6
  Monopolistic Competition- Excess Capacity - 1

  and monopolists,

  Monopoly - Entry Barriers - 13

  Monopoly - Profit Max - 16

  and perfect competitors,

  Perfect Competition - Cost Change - 7

  Perfect Competition - Demand Change - 7

  Perfect Competition - Equilibrium - 12

  Perfect Competition - Long Run Supply - 10

  Perfect Competition - Short Run - 6, 11

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