Dp a - —— Monopory ~.Monordy : LECTeRE MATE RIAL 2 piesa anaes ange Gita nab p__©) Regulations AC for velit ayanttes -£0¢.elevant qpantihes,, fs ae oad ds “For our purpose , the entire demand can be met by one fim with a falling Ac™ HRs, san 00 oppenin p = Scanned with CamScannerteaches se | cbyéctne OF Hm “Cent wastenizati Wily sha I= TR=1e—* ue ave set gt) eon. fuente in Re tere clot ok fons 2 100 is poyeuryelase \Rehaombe 4 cxample,_giten pai gs 00a As want: pe ponte Z oF ae ev a ee ae wl Senet. tnenepoby 16 tue.only lay. Tt bs: do fae tae ‘upnaplele demand uni 2 A cinagieet Command aunt)" rt ye dopsn-naw jp Jake pre ac given Put bas to ther concent, Suet etl p8 f i ‘5¢ Z predace_tooqumits quad and cancharge_only one—pice_fow WL ygosnenets then pron yaunn sive Padiuan_thage given-by 4 inverse gnand DAE a Scanned with CamScanner[P=9(8)) 9 Tneed this inverse Thm Me= 0 TH ert, mais We Cad bss tom <0 Sn8. oppdadwe pie __—.¢ Scanned with CamScannerScanned with CamScannerScanned with CamScanneryme (Q—K--t may & ee + Do, +. aa % +. » 5 ie aig = e : ——— 2° Twin == (0 js webn Lada fopine me ; Scanned with CamScanner<3 SNpPly cunvve ex 0 Ae andl nA ME ee eh Oe =(P- AQ@E (2D =i=max_conczs 15th oly elas} dumntend oiiprle Scanned with CamScannerJ ~ ae aoa ly une oeist P+ So Noa curry cane doesrt etish —_________" 2000 = ROP _ ps = =a) C= 0-054? + 10,000 for Pe. Mas me = - = = ape Rs Py= (set |\OO aap Heelan ae MR: OTR = 100-1: 2g {10m a dy ao v 10 Me = ate = olay ad “REMC 2 [90- o+lay = O-14 1s0 = 0 = Paez 120-500+ 45) = 2D iy ft neon, peTs Re gy=S0 = oo 9,000_2.2s00 /{ ? i ; rs TR 5.100 (800) ~ _ 500.SYy_=_sop00 = QS QO. = ea = 97, 500¢ b “@: I n= 15.000 Ks] Scanned with CamScannerx another example + yp Tvese Demand cune + P= d=b@ Wek estas 1 s . Q=2bQ 2 =a=*fS a fazya-ey] | ©" "Ce FT ee] <=01¢ fussy 2 a Scanned with CamScannerScanned with CamScanner" Sy, aes 7? f denon F / ! a Bi? ea @ &, bewme p= Cc e* + ave, ao Hey figs o Ic ‘ {P©ap= pert" - [eed 1A etl Led ‘ et , ety} : - | eye ; et | +e J q = t — oF e+) 7 “ex y » —N ‘ s ' i a iy : Scanned with CamScanneranbly — | a hiabe_‘towlenle_hte hen ou pave snse- Susie ay © 28h : | __ co _L inn of Atma 3+ x TURK) demand une “oe A Tg Benta thine pecnatts-9 = Qs oC} 20 PCQAD Oot QS hy PEON) @ _cxrqy= ac} 70 a at axle e Te P(Q.X). 9 — ¢fgix) 8 [Ae -£ FOC - ea (op at Pile Co (9.x) O *e 3a (ea | oe = apl.a = Cy(9x)~ @ > S change im WStwhin euitbut Is sé red tar quay is minginelly __ mp rove: % Scanned with CamScannertis qabls With aa hus he is com ro, % had van be. nid dae vost of improv ot Plas aba rer tha la= Pr eastern siege onettece Ct ae = es q=abpa pt ex C=O ex= crab © a e Me — is X= tolbol= a a= = ETO T_ Come: mae — 7 Dally Te quucotsen is if ——r these god Ase ie (op dir Trg uaity 2 Baul waht 15 aualih tacts by Pen etht—e 1% Wwe fake Sout plat - warts jp maxuruze sound Sbefbyy ——_____—_—# fae stalled 7 nc $- a f —_W (@,X)= f Pan dQ ~ c [a,x) “eb, a ;- : uae . puede ie 4 i Wie wee gx 8 Fe a snd. = 22 + uma oE ate e 2 ti FAL WHE FPTQ x) = ACES =| Z z0 2 oa ,{a*, x) ; a =a > Bees =e * ox x 5 petites ar, . (erat ee Se) peace —— SN eet . Scanned with CamScannerSF 197%) do es cyl@, x) — = jon Cfolist_ wilt make fajertbr Secs 4 i FS T"\_th ktdhwe Tist because Monogclis| underpeduces Accait moan taal Mis auth 1S isals>_tapevor There is noone _answert question — c—— 1 "swan Model* + They acy. ot Aurability-of good. as 4 pioxy for tts qualth,. . ae __ [ean Thole sea Wyo 9 Py tor-its. qualthy.__ — ma a <1 — when Jaatse bull= it_wevus'ye fine and. then dies: You ment ialang abet ome Wl _ thing te constonty= deperiates: Not teen. pidge oa , Scanned with CamScannerS)=p i uas)s_=(p)Prica op Gull, ee = Tolahaty cf. compesile good = 4 GoSe ae Shale te patina | OE AAP ae Pg. { : i + ~ —— C(q)8)= C2). oy Ccrs) AVC = Cle) E . Yo08 are road by- South Phanaee-(anetvelf)-— “a —_—res Csisgiven)* = | wlaya)= [pip a —c (8). ili oO nd : = {Flas} s.ax = Ca). 2 Scanned with CamScannerScanned with CamScanner—ERICE DiscriminAUON — SAICE DiscrimiNAUON ~Charge diffrent prices_¢rom-ciftee Opecters 2) Plambus @)-wesie qe TR-16 a = (nov232% bos wt.) ae = Mis — sl 2 als < tt ' heneral wing: ag ginobteot (Since only.measures1¥e)————" , ; 7 TR-TVE and thon TFC = 1 Scanned with CamScannerrecl Prfce. Dseyimfnalting- Monepal st. Reyer ces are Lanowi 4o_monopolbsts Nain onload LOSS. — o_fxample 2 _ 4\_P=1900 2 (Toverse demand function) a “c= 19000 + 0-05 Q ‘2 MCs o.0s(2@)=0ug ODE —— = ARs PQs = Q> 4 ae “_MR= [00- 88 =(ton- 1 Q0 to] : Single price Monopalist FOr perfect pace dicey minatok MR=MC P= Me \00-Q = 0'1Q yopo- Q_ = oO1Q 20 loo = 1Q. 00 2@4Q =30 12. iad =S00 Q=(COKLO= Loco - G66. . = Scanned with CamScanner$b Tai = pr0s [666)™ > 90 bbb _ a AnO eT = 0:05 1466). eae tol o BSS1) ~ 99 118 Scanned with CamScannerfe ee tc ee eh) — phe oe a of 8-2) ————" f S rapt plas 23 ——— = 1 AQ ——— — le a. [§ \\| ypruild D sge “Ve | Scanned with CamScannerScanned with CamScannerDie. og ? czar Man st rey Insect fm sels cag = Hawpe Py =-O, _ aie a E Pp= AQ % = a : C= C(Q+Q22= 6(Q\+ Or) 4 | )) This Deqee— ‘ MR = MR = MC TL= TR, + TR, = 3 i 2) see = p64 sy- oz 1 a=e1 : ee - + a + Dip Le ; * a ear “e L ¥ fl FE. 4 5 Z a ~ Tt ; a 3 ao oe] 28 @ a . Te ya yt =3) 7 P pwee Ty4 Aor Z 7 [ot is ST : y y ————— se Scanned with CamScannerandancre ctashe.- lower poe. less elaste higher price fd owl = 4S bo Suagetice tec &=12=1 In Tmarker 122 Q.2aV-aUis) whichis ve. ate 4 4 254 <0 _pal yet Laas) 1 (44> = > a a 4 BST ANT Sht é | a ss 7 7 \ 2 40 9 16 ¢ he Onaiges only 4 Qe 1S Qzeg Qe IT+6= 2 _ = (4-6) = a3) = 63 Scanned with CamScanner1 i I dpe greaphle 2 Q,70 Q220 Tg Ladd wo Tor = y8 -3P eee Pa aOr Qs Qu-Q0-G @, =au-4O= ve —S——_———— TTT | TT rr iE | Scanned with CamScannerya P =4e -3P Marginal Ruywnuk * @2 a4-P TLOP ES OY Q= My-sp OL PCR TR= (ay-a)q (| Q TR= (6 2 (q)_(Q72) MR 16-80 [Seand pathy PF ae oe lt prefaerpee a meer) TAC . n g & a L py? _\ _ (_ z= 6 | (GOS (Cw FP OS Seis - fog W Q = ye-3P ae oo a oe —_ ae Scanned with CamScanner2 PART TARLEE jae ee Lumpsuamn + Pre pecumut {dmaaneni oe Laple 2 om plallest| ayva vides)= @ taomp Storrs Ac> At py - +P) d me Scanned with CamScanner| oe ee ———— ae & an 9 we put a= consumersuplis ef _—tth_least willing corsumey et Ms pilot Iga n ; _ = si 4 — ~ ~ 2 m= 4 Es Ttealal pees $< ae ye por nares = g Scanned with CamScanneri ~Y | 7 ames wo) Se isaihiss _y He uz sdont know iro {e Which Ge toa ey chang = Da pl i Ppa ap) HaLy + ude = = lest _—¥ Scanned with CamScannerMc 20.5 Wey = 500 ee tan bh Miz Bp. (one ones ptshis single type) __. St Me th consumer demans =F. = ye (charge 1 per Wwe) Talal g® = S021): 69 4SOD. = 7 - : - - 5 iZ qe by gk Wace (Uv Xs do.2 (ee e Z a" TE. 200 + 500+ psa] q Hi - 1000 - 2 Soo! 102 & TD -<@o Wan rf we have _ Heo dah +n CTL Scanned with CamScanneralpine kak fit ek [2 Taka umnsnnn : LXx(E-p)Vis-p) | + 500-p. (8 2 ee = ail s00/s-p) # 500 (10-ap))= 100° j= S009 (sp) + conp | 5-p+10-ap) ___________ 212590 (5. p+ O-gp) _=10 ie] = S00 WH 5- py? + 500(p-| \(is- 2p) = 10D a FOC 5000» a(s-p)(-1) +500[fp-iyens (is-3p)f4) | ELLAD G-p)10e6 = seaf_2p+ 2 +1 = 2p) ~ 5 - ahs Oo oe ee IS+0- p = LOL ZB. | t$a4 £ 23 Ica |= p ps Sntaiyp a a Tithe, Scanned with CamScanner\\\ \ eee REOULATION Bry ap 0. * MCX bosses © Mion pew AC pvlwing Lynn peorluce pore). SS Thus ine mongpelst Cals wen PHA So ha isnt mawng lox? ¢ 7 &m Tah as Were“ Ole Sepsiaaben = cheap higher bon ame onsuriet_andust-b coves lassen. an, 05 f a, (aber prving systema) ) a : by i - — oad Scanned with CamScannereee hi) —emAl mopel: a =fl4R> ees |. adwed it. eb. Aen x= p.flék) = so 2s T= _p¢[4k)=wl = vk éLe, R= vale whe] Lubjot Ly +A wh fé)k = p£ lk) " 9° [> > \ ' 4 de Cee (pte =e (I-A) Te 9 ph=0 9 — pH VDE Phie)-0- x ae fA fe see = AZ ze C aS amaaieell ™~ 4 Pfre (vd) Ce eRe =A aN ak Phe oat e=0y ee Scanned with CamScanner