TY - BOOK AU - Baumol,William J. AU - Blinder,Alan S. AU - Solow,John L. TI - Basic microeconomics SN - 9789814986519 AV - HB172 U1 - 338.5 23 PY - 2022/// CY - Singapore PB - Cengage Learning Asia Pte Ltd KW - Microeconomics N1 - Includes index; What is economics? -- The fundamental economic problem: scarcity and choice -- Supply and demand: an initial look -- Consumer choice: individual and market demand -- Demand and elasticity -- Output, price, and profit: the importance of marginal analysis -- The firm and the industry under perfect competition -- The case for free markets: the price system -- Monopoly -- Between competition and monopoly -- Taxation and resource allocation -- Pricing the factors of production -- Labor and entrepreneurship: the human inputs -- International trade and comparative advantage ER -