Microeconomics (Christopher T.S. Ragan) (z-lib.org)

The “Gig” Economy North American firms are increasingly reducing their costs by changing the nature of the relationship they hav ...

Mathematical Notes 1. Because one cannot divide by zero, the ratio cannot be evaluated when. However, as approaches zero, the ra ...

For most of the twentieth century, “traditional” work involved individuals working for one employer at a time, sometimes for man ...

where the notation means that the variables to the right of the vertical line are held constant. This function is correctly desc ...

What Do the Data Say? A 2016 study by McKinsey & Company, an international consultancy, surveyed 8000 individuals in the Uni ...

or in population. It could also change as a result of the net effect of changes in all of the independent variables occurring at ...

Primary Income Supplemental Income Source:Company, 2016. Independent Work: Choice, Necessity, and the Gig Economy, McKinsey & ...

The supply schedule or curve is given by This is the supply function with respect to price, all other variables being held const ...

for whom to work, and when to do the work. These are the “free agents” and the “casual earners” in the table. This independence ...

shift the demand or supply curves and lead to different equilibrium values for price and quantity. 6. The axis reversal arose in ...

engineers or IT technicians. No matter their income level, however, in most cases the workers receive a payment for services but ...

Walras did not use graphical representation. Had he done so, he would surely have placed p (his independent variable) on the hor ...

difficult for the benefit providers to monitor their level of work and effort, and thus to determine when they deserve to receiv ...

Multiplying and dividing both terms on the right-hand side of Equation 8.1 by p · Q yields Because dp and dQ are opposite in sig ...

Executive Compensation Average compensation to the 100 highest paid CEOs of Canadian corporations was recently estimated to be 2 ...

(elastic demand) and positive if it is less than unity (inelastic demand). Total expenditure is maximized when is equal to zero. ...

The Piketty Argument Professor Thomas Piketty at the Paris School of Economics argues in his 2013 book Capital in the 21st Centu ...

which says that the utility of additional consumption of some product declines as the amount of that product consumed increases. ...

Policy Implications There is little debate that income inequality is rising in many countries, including Canada. There is more d ...

The ratio is the slope of the budget line. It is negative because, with a fixed budget, one must consume less C in order to cons ...