# Formula - Formulae a I; 11:11}; i’IIfRSEY : , AJRS : T :...

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Unformatted text preview: Formulae a I; 11:11}; i’IIfRSEY : , AJRS : T : ——* AIL U=constanr 0". - 111’ P. , . E” : — — —-‘A Budget IIne 1?- R- AQ- VD _ Q _ ﬁQ X P _ (p X P <2 Point Elasticity ofDE-Lnand E AP Q :7? Q P 59 __ '7 _ __ ’79 — (91 A32 )/_ — A9 0 R P2 4: Are Elasticity ofDE-nmnd —' AP 91 " Q: (P; -- P; )/2 AC) AQ {gnanz 5Q 3—3 . .. d _ ‘h- -' : o ‘1: Are P1'1ce Elast1c1 ' of \$11 1 ' 1?; AP M Q __ 92 U PP y { P1 —— P2 1,32 m; _ {XD —— 150/2 _ AFC . (M0 —— Ml) Income elasticity of demand UM ﬂy-scome Ag” (3'0 __ 1’1]. (MD -— V2 _- ' M . . I?“ : g ( ,] Income elastICIty of demand ' (312' (.1) [E] _ A: '13 ﬂP’ M) U=c M’ Slutsky Equation Average product of labour 2 APL (L, = ATPL (L, _ (TEE Mar inal roduct ot‘labourziMP 2 g p L( ) AL AK MIRngKL = A L g: couatant AK ﬂ/IP +MRTSRI E—z— L _—w AL 21/1133 7” C‘ w . K = — ——L C Isocost L1116 1' r a? . C If. AC'L ((1) : —Lq( 1) C5 : CJq) : F + V(q) Aﬁlm) : C30“) 2 5 + W?) q (2’ (I : AFC(q) + AVCYQ) MR : : pﬁl _ L] (5&1 170,. P = a — + Q: ) demand for oligopoly Eliaximr':e L : LT XJ’) — if RX + — Mr) Lag rangean XJ'J. Q=min(a£,bK) Leontief production function q=.f-‘IAL"*Ktl Cobb Douglas production function ...
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## This note was uploaded on 08/03/2011 for the course ECON 203 taught by Professor Okhan during the Spring '11 term at University of Victoria.

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Formula - Formulae a I; 11:11}; i’IIfRSEY : , AJRS : T :...

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