| Managerial Economics and Business Strategy, 4/e Michael Baye,
Indiana University - Bloomington
The Theory of Individual Behavior
Chapter OutlineHeadline: Packaging Firm Uses Overtime Pay to Overcome Labor Shortage - Introduction
- Consumer Behavior
- Constraints
- The Budget Constraint
- Changes in Income
- Changes in Prices
- Consumer Equilibrium
- Comparative Statics
- Price Changes and Consumer Behavior
- Income Changes and Consumer Behavior
- Substitution and Income Effects
- Applications of Indifference Curve Analysis
- Choices by Consumers
- Buy One, Get One Free
- Cash Gifts, In-Kind Gifts, and Gift Certificates
- Choices by Workers and Managers
- A Simplified Model of Income-Leisure Choice
- The Decisions of Managers
- The Relationship between Indifference Curve Analysis and Demand Curves
- Individual Demand
- Market Demand
- Answering the Headline
- Summary
- Key Terms and Concepts
- Conceptual and Computational Questions
- Problems and Applications
- Selected Readings
- Appendix: A Calculus Approach to Individual Behavior
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