For students who care about how the world works, microeconomics is one of the most relevant and interesting subjects they can study. A good grasp of microeconomics is vital for managerial decision making, for designing and understanding public policy, and more generally for appreciating how a modern economy functions. Wewrote this book, Microeconomics, because we believe that students need t…
For students who care about who the world works, microeconomics is one of most relevant and interesting subjects they can study. A good grasp of microeconomics is vital for managerial decision making, for designing and understanding public policy, and more generally for appreciating how a modern economy functions. We wrote this book, Microecollomics, because we believe that students need to …
Most environmental problems—for example, SOx and NOx emissions from coal-burning power plants—are amenable to standard benefit-cost analysis. There will always be uncertainties over the benefits and costs of any proposed abatement policy, but the characteristics and extent of those uncertainties will usually be well understood and comparable in nature to the uncertainties concerning many ot…