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graph.handout - J1. Q. g .573 ’25 Ago .20 1.20 I? [5/0...

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Unformatted text preview: J1. Q. g .573 ’25 Ago .20 1.20 I? [5/0 /<o L50 /6‘ ' [.40 M [$70 IL 2.00 10 2.20 2 21/0 (0 2.490 $/ 2.80 z 5.00 0 P 5. fi/flw 2.. Q L50 ' /. LIE—K .5 1 54¢ Uzom U18 6256 nmaC35 1 J v ‘ vlom an}, “fa .._ So 3:3 18% ‘00 4A0 - , $3. 3% $3 L? fl 3%. ... \ $73 -_., A? $33..- 0.63:? E 3 a: m ivlom Osman? U18 6266 umfic::v is 9mmzo V 3 Ocmaz< Ocm33< 7K :WoACPol s Agd WOAP fizfi‘r" 3 69d T \_ 7/\ flag—,- lg: 33.“ I 079A]: “Eds; AI/ ’2" PAW-’- / 7/\ :Woégl‘ = 72 Am Xv D‘Lu'l'Bfiz AP Total Utility Marginal Utility __ 6 7 _- -_ 84 88 __ Utility Schedule Beer Pizza . Price=.50 Price= 1.00 Cans Marginal MU/P Total Pieces Marginal MU/P Total per Utility Utility per - da day 1 15 30 15 1 32 32 2 14 28 29 2 31 63 3 13 26 42 3 28 91 - 4 2475 115-75 11 22 65 5 20.25 136 6 10.75 21.5 75.75 6 18 10.25 20.5 86 7 17 171 8 10 20 96 n Inn-n 201 11 7 14 120 11 12 6.5 13 “n 13 5 10 13 4.5 9 14 6 6 246 n 15 5 5 251 16 2.5 5 16 4 4 255 17 2 4 17 3 3 258 18 1.5 3 20 .5 1 20 0 0 261 Consumer qumbmum MUBGGP _ MUPizza P363? PPizza Bar: 250 = z5x +5o)/ 1 “ 5&2: ‘ 25:0 ;: 50; xi ffiaY N léUOOr‘ ' P 7 __________——___________—_..__—___.._—._._—————-————-———— TOTAL COST PER DAY MARGINAL COST AVERAGE COST DATA PER DAY TOTAL TOTAL AVERAGE AVERAGE AVERAGE OUTPUT FIXED VARIABLE TOTAL MARGINAL FIXED VARIABLE TOTAL PER DAY COSTS COSTS COST COSTS COST COST COST (Q) (FC) (VC) (TC) (MC) (AFC) (AVC) (ATC) (l) (2) (3) (4) (5) (6) = (2W1) (7) = (3W1) (3) = (MM) 0 ' $8 0 8 — — — umts $ $ } $10 per unit ‘ . I _ l 8 10 18 } 8 $8.00 per umt $10.00 per umt $18.00 per umt 2 8 18 26 } 7 4.00 9.00 13.00 3 8 25 33 } 9 2.67 8.33 11.00 4 8 34 42 } 11 2.00 8.50 wax/0.30 5 8 45 53 } 1.60 9.00 10.60 6 8 60 63 15 1.33 10.00 ' 11.33 7 8 77 35 1 17 1.14 11.00 12.14 22-141 50 SHEETS @333“ 22.142 ma SHEETS .2 22-144 200 SHEETS AMr’AD - +a@ Q4 —6L+c@CP - ma @Qg... 22605 359.08 1:0 mmEm>< Laser Panel A 'MC,‘ AVC “0 no . 6, ,5, m..B. mr 4.: U 0.: pr.‘ 1 3,250. . I w WW‘I @ W m C as $800 600 400 200 Cost (thousands of dollars) 15 20 25 F (Output) 30 35 Output (thousands of units) THE DEMAND FOR LABOR 1N PURELY COMPETITIVE PRODUCT MARKETS :. (n ' m m w (a m m Marginal Value of Marginal ' Units V Total Physical Marginal Revenue of Physical Product Product Total Product Product labor Product (MPPL) Price Revenue (VMPL) (MR?!) —__—_————.____—_—___.____.._—_ 1 10 10 $2 $20 $20 $20 2 18 8 2 36 16 16 3 24 6 , 2 ' 48 12 12 r 4 28 4 2 - 56 8 8 m ‘- m P 5 30' 2 2 60 4 4 V P labor THE DEMAND FOR LABOR IN MONOPOLISTIC PRODUCT MARKETS (1) (2) (3) (4) (5) (5) (7) Marginal Value of Marginal Units Total Physical ' V Marginal Revenue of Physical Product Product Total Product Product Labor Product (MPPL) Price Revenue (VMPL) (MRPL) 1 1o 10 $10 $100 $100 $100 ’ 2 1s 8 9 162 72 62 3 24 6 a 192 43 30 4 28 4 7 196 28 4 5 30 2 6 180 12 — 16 MONOPSONY lN LABOR MARKETS. - —____________________________ u) (a m a) ‘3 ,m?0 ' Marginal Wage Expense Units oszabor Wage Rate Wage Expense (MRCL) 1 $ 5 $ 5 $ 5 2 6 I 12 7 3 7 ' 21 9 4 8 32. 11 5 9 45 13 6 10 60 15 7 11 77 17 8 12 96 19 9 13 117 21 10 14 140 23 ——-————————————_—_——__ Somme 4L ‘Hw 3mm is a puwv coaxde 7" 0090+ H .u I. u v u u ‘mfw'k ' SC ULQL 1‘0 #‘ 2' gfl‘M is menovloaly [A aoffnojr WPKCJ‘ . “ “ PtrJECCf Com/odffiar M ihpd‘l‘ MK+~ _ Scenamfo 4193 fipmfs Per¥ec+ wae‘k‘l‘Dr in gown]!— Tirmib Mtg/topsem‘bf u in?“ v3 .a. nun.” u'm' “mugw‘... .0... ~ (.,.-..~.____‘ - ‘_- .3 m..." h" _ M," MM ‘5. 9g 36,“an o 1‘: ‘/ : {firm is lfl/LengfaalimL in (pd-poi- mapkd fl l’ " Monopfionbf‘ inPo-X- “ mi ~ Mb If 1*” Labs r Mob/+5 were, {Jen-Yacle wwdgkn _ EO'HA. in 0+ 5; 904-90?) ‘Hno resulkng ¢G£W ll' Hum 1090 L2): be» WcJ Lb 10¢='3’3z> an» Our: [05 area [15’- % bk=.L/ooo. 30km; .- éarflus Qrea. 219.51%) = $ 7093'. m ' aneq l+m?: 9% 2/252). PAoJ - 50mg area It) = $252) “fatal/g ___§or‘9[os = I @252») (1.0%.:“5 0"? [05 area I flmo L/_: .7 , $9090. 7 €904» ganglas . area 5+“) = fi/aeo. Qau+_r‘edemu<: dared. ’H’? : $299o. I 0.8 = @Z 990 —_..-.--/ 7LT) .1>5Z© CULCL Hm l\,_m_7‘9.©_(‘+éf> 7L3). 4:80 W271“ @0940 “Had” lit/MB impamb .AEQQML.‘ .53 a. i! ’ hm 5],?ng O}? , ,_ _ ‘3 59’93‘7, +¥OO 2 . .+&\1.;:9a3e, , § 719mm: .926 Mal gem/2Tb; . ¥ , , , _ ‘ $./Z%E>C>/ ,. , . ,, . .Tmaebuaen_.;§ar¥ ,.- K . . . . $7910.: sfl/QQQ: ...
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This note was uploaded on 01/12/2012 for the course ECN 212 taught by Professor Nancy during the Fall '07 term at ASU.

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graph.handout - J1. Q. g .573 ’25 Ago .20 1.20 I? [5/0...

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