Repugnancy Costs

Repugnancy Costs

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In microeconomics, the reservation (or reserve) price is the highest price a buyer is willing to pay for goods or a service; or; the smallest price at which a seller is willing to sell a good or service. Reservation prices are commonly used in auctions.Reservation prices vary for the buyer according to their disposable income, their desire for the good, and the prices of, and their information about substitute goods. Reservation demand is a name for the schedule of reservation prices at which a seller would be willing to sell different quantities of the good in question.show more

Product details

  • Paperback | 100 pages
  • 152 x 229 x 6mm | 159g
  • Tract
  • United States
  • English
  • black & white illustrations
  • 6136253992
  • 9786136253992