How Long to Read Advanced Economic Theory

How Long Does it Take to Read Advanced Economic Theory?

It takes the average reader 5 hours and 14 minutes to read Advanced Economic Theory by Tanner Wilkerson

Assuming a reading speed of 250 words per minute. Learn more

Description

Economics is a social science which deals with human wants and their satisfaction. It is mainly concerned with the way in which a society chooses to employ its scarce resources which have alternative uses, for the production of goods for present and future consumption. The theory of factor pricing is concerned with the principles according to which the price of each factor of production is determined and distributed. The distribution of factors of production can be of two types, namely personal and functional. Personal distribution is concerned with the distribution of income among different individuals. Public finance deals with the economics of government. It studies mainly about the income and expenditure of government. So we have to study about different aspects relating to taxation, public expenditure, public debt and so on. Oligopoly falls between two extreme market structures, perfect competition and monopoly. Oligopoly occurs when a few firms dominate the market for a good or service. This implies that when there are a small number of competing firms, their marketing decisions exhibit strong mutual interdependence. By mutual interdependence we mean that a firm's action say of setting the price has a noticeable effect on its rival firms and they are likely to react in the some way. Each firm considers the possible reaction of rivals to its price and product development decisions. In economics and particularly in industrial organization, market power is the ability of a firm to profitably raise the market price of a good or service over marginal cost. In perfectly competitive markets, market participants have no market power. A firm with total market power can raise prices without losing any customers to competitors. Market participants that have market power are therefore sometimes referred to as "e;price makers"e; or "e;price setters"e;, while those without are sometimes called "e;price takers"e;. Significant market power occurs when prices exceed marginal cost and long run average cost, so the firm makes profit. This unique work treats economic growth and development in terms of a theory which is applicable to an economy in the post-industrial, developing, and emerging stages.

How long is Advanced Economic Theory?

Advanced Economic Theory by Tanner Wilkerson is 312 pages long, and a total of 78,624 words.

This makes it 105% the length of the average book. It also has 96% more words than the average book.

How Long Does it Take to Read Advanced Economic Theory Aloud?

The average oral reading speed is 183 words per minute. This means it takes 7 hours and 9 minutes to read Advanced Economic Theory aloud.

What Reading Level is Advanced Economic Theory?

Advanced Economic Theory is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Advanced Economic Theory?

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