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Esenoyns O16 5074 92— —nomles NoseaT — == ass 14 C Jrvais ) Uklily— — Salffoctfon Gengurney ool — Uktig — — mayiinigodion . T Cardinal Ui , Oreinal Unt (a, Wh vA) Cra ara!) ea Tt Tu TW Qa vtiiy) 48 =i utily — | 20 LU to ad & merging) utilit 2 x 2 v e ion rye 3 aS: aay at tonytant rate Us dona *Inihiel Ofi i a efi « Tatok Uti 7 pee 7% (The_sum d+ sfSfuchion obit) : Mayginal Uiity- (chong. jn dota Ublitg due Jo additional 1 wai oni eonsmiyon, _ ting eh Hy Ghongs. M Gpantity —- Aw Aw Tes Moy MUM Ugto oot NY ———— irereasingy at an deereating- rot@_ QG Sehadule, theomplate, (Hay BD) a TA eet, aL a MA formutor ter (ag oye (Ryo Re Mv ~ \ Wo 6 \} | . 3 || « Ie Ubi tt po | Fab wpurn segs Uy: > heh Ca j- bhon eh oily eeag, on deerearng, fq) yale, Marginak ably. deureasing : When total vility renehes Hs hijhst J maximum “the inorginel ufflil wil) be o 3 ¢- © Mer reaching. WS manimum Pla uty, decreases, Fho mayginaK hake regal. (hier sua, 2 vette, rigphia op te “s) : | 1% Bye ate ueyg tip behave (nea Loo Ge Gay ossinp in oS) Low of diminishing Margina) untity— PN “When Censumer eonsums more ond More unilts ok o speeifiye i conodity. / produel- [ed Olly. from, nex /susessve_, anit apes en dimitri ——————_— Legnomias, = — chs ig Consumer's Ait combingh't F tuo goeds Indikereien Carre Equi Sivpium ae Bulge constraint / } + litations Ae point a i Ss of sahofaction tyr ee ie 2 oe a i ' too ° 4 ~ 491 5 ° \o Yoo ae adele = E |} | g “Noo ot ; % + leo be Convex - to the. origin hit wo [Ds 6 nee Te = app ico 1 23 4 6g Arne Indifforene. ewrve, Qe vepe, MRS Cre Marginal Rate of Sve Deereag th eonsumptin of J Corange.) Iherease. fn Consumption of * (srt. ) MRO - ~ 4 an rgaliic rdactonshtp 4a peat | ot Trapeatics oF hdaffernes, curve (18 9 Must \doamward sloping > + Mus be egnvey to Shes ontatn > (ome tee) of satistaction 44 ce (+ Too TndePgrenee “curve. ean wee interecek eseh other CQ: Show that too indeFenener tance. em never inpentusk) More. & always prefop to lass eo The higher th thdiMepenee. eurve IM. Wig her Che vii + As alt 0st Wt Se a vill (1x) Ais bits, mgt be es oblity (ter Sey 5 willy. md es lilly should) 6 same + Bat ehove. More goods, For both gotds. So, © toey eB oer Be prefer 05 @ %, oF#e— Thos why fam Carre, (ea Moers inlerizey ~ J —— : * Dire eobjatton oF WE 085 Thal 6 une eth Within Wig” budget. ein Op A= Of edly gaan, Irn Pe b P aye 24 Orange Py: 4 1 uly eM.) ; j= comet (Ra | qe x —~ Ca | aX + mY B ; A ne | b t 9 br py = e oo 6 AY 8 gy se \\ j E o oe | ROR | Shope Ye | Y; bik badggl Aicveage 56 /, wiht will Fagen With budge (vee a (eter , of 4, deereace_— . yp price inentace 6 , eee Int uuil rotole L —————_————— | |. ee seed oN “\ left ward ro \obe___ } | b prieiok Y ae — va price of 5 Sa A Consumers gquidibrian OMust bu oeated iy Wudger Vine. @® Given his budgl, he mush ehooge— te—mort- prefered bunclLes oF goods bane OM we i | lass 15 le on a fede tquililrium = pues | To eale v0) | uhlig— whieh house oonormi Iso est { Vinee (= lu. i Shor} form ipreductin gunchion I = Tye f(s -) _ *(%) 6 CS pee ORE on ) | ’ ay gro tonal 1 Lodoour, an \ ‘tah : Capita orgomiteniy oye educon Se yaters 0 He fn eed © ye Fen) uthara, a east isn & fics 2\ J canaor be chert A DMeremen, between ST, ue ] 1) fod Ae ST = on Inge fi Ly 3 all vorriobS_s_cang aloe Ssoquomt~ curve. — Sar Gee= eUpVe OF ara CUIVR_ AA AUVad- ott — aS same, lelel of gutput fat _ == Temtiere| fk | ek mers eo _ [2 Rete —dewraas a> valte— “Sore. METS = Manga Rata of teehnicaS Substitution, i Fran @ over ‘ Property. © ugk Ve_ down, svar sho pin ® wus be convex 49 the onigtn te, ® Ho Isoquant con never thtenseef - | ON The ger t= Bota curves he vigher tra Wow i | ouput. | | Froduetfon Nedge- fedinchaggl- expla car ar Kigilagilee_. Jove hers “Pow 4 Showy pradvedfon feobnadeg- ying Ching hore 2. (1) labow. fntensiyg_ | © Gp mesic 5 j[ ss wo) oo cost Vira as Peso an, ES i J) c= ht ly Ty, ' Lt eee il = ‘Or = e-#4 Crom ens) om gh loins TERED SR = r va Wht PkRoe @ — ¢ Tonge. pri of labop (@ oaf\ 2y~ Wego " * Kapital « Bey wren wage _— Wher rk = C— rhe ewe | Ke EL Ww HW Bosost Vins com shay Q i — ° | Ly Ck =24 Tae {_& 7 —— Shag cA © [ ¢ in @ | 3 Cy Te 6 bo % yf 2 ee iB iI mh o AW (2 , — Booor Wwe ao : an} 6 reducers Gsbiby qui hi bury so [ a ee prot maxmisation— min ah bos yrox eutpur NS must _ on Yas bsoeesh tna —@ with bis cod [badger preduear wl fg to merlin nan fis output, (her) 3 | oth oprit— er (2 20) topic | proctionquestion | fer Hero | : practice <0) Coss 16 Glos v= RoW | prot! toed ata FOOMUL” — eos L _ 3 thereasin: Bat praie at baz calla 4 R 15 > Deer anting— ae 1 at marginal notary oeceen eee t > (nein To yay De® | marginal . yer» v “ ak | "7 » ire : | se | Shor! Reun “Tete Cost Meg en Teh eat l Peay NE ¥ i ZL \ ar cor} varrfalags_—o6t—~ cD) (eres ) ree f ‘the port [me laos of ear whic Rou mo 1B not wd “fe quanh reo] | sre 4 Bice} Cash Vora o) | 2 THT We ¥ | Tel, feed Ce a £ 10 —— > Te CFTotol cost > Tela Vayiable. eof — - ve wt) | a Guenity | SAC Lae | (stron run erage os) Chong ar venage- “) Coe et? ee wo x at? == rane Te=AC OS [ri suey a Ae Thy = SAC KX } 8 se Ye § on Ac= AFeE AVE Te AC = | 5 ore SAC = —— § _ Tee Te ig 5, Jae weet meh (aw ge ip total @est MC! = ax devide’ol ue change in ——— + *8 ‘wont b marginal eos Cec Nc Ge) _ __ dt 6 = oar ia Ir | ‘ i eo re A ar { 1S TFL ™ | me Tens | ae Cee Bt fa to aes So eee ee 3 Bj 48 swe 4 hea ¢ os 4 fa 5 1o ‘BS a5 3 — ae - canal i Aa a 10 8 6 hee tp ye Ne eos" fi m On ©) Gs) oo ur) aA Buanti hye G *) Br Rvecent— Seals of produetion, -— wt ote = Fetye_ ‘ 3 used bten ee LY or we TR-Te— ° ee pree/ Af, one - TE 8 = me mes ARC RAV — oe \ He 46, yeiership bdwen AL FL boiiate ahmed ian ree eC) ne (YS) = when AC Fall 8 ete : { 7 A 2 4 ad> ee UE 3 6 : ? ‘ 4 = — hen A VTA {oy eg “3%. g Siuhan AC. therensry ton Ae Ote — 5% ee ee ee | a 49 .+ ee he ow (mecey yore | ——— Me tye cross fate AeL aki mdumum > eT Ye «unite, Low margntina dem Censoman. exalt voing tndifferenes Quyles budgd-Vins— dimins, shy He dos ucars eygilibriainy Using, so caused cur 4h at We = Pr oduehin— ha & IN ——_— | Reyne aan k we Pioeels Compeletiva wagake $7 Mnpenfeedy AR Compelalive. ware G Get ar MR se= FXG Prig— Buon ak AR “~—— =F 5 mg = STB 45 TR, AR, MB ly ferteclly Compttativc. Martek Hq) Ter, ae mand — buyer 9 mony sabhor A(t Preduak- Te preduay alls Md, homoyents, Hem bayer 9 sller APL fprgen. fuer ® Bes entry i itt — fi ia === | 2 vo 20 0 PI gvilalagend | 4 ive 2 20 10 lo 14» ® 10 oT [5 to i) lo 10 | ferkety competative. mari@ | Pe ARS Me Ti | Inpetcet competative marke SS ; Duvpsor Honopaha, boopdy Oligopsdy_ Monop sing. at Aliqop sony 6, Pp TR OT AR MR TY) e |r © | a 1. | 9 eg , jee Shop patter xo afte Ta [* fe apa pt fa spe fe fe le trot. § |. 3b 5 | oF po 4 thy Yh mand de TA an, MP cone & “Aifleyaners | P: wey MR Ae a |_ Cass 1& Os 7 yo rei avaaingotfon Ke | Fqutlibrturn of 4 (firm) tinder perfeet camp tition. proftth mortinftation | Eaonomit prey’ ie ett GARE EW belt | AE | Ge -dilterence— hig hs] a | . . peat ont + cnecountic. profit fs aQurays greater thoy . value J teonamie. prof J teplactt cost — ye “Ep . aash, profit moxinieing. condition | 7 . Eeomonte ary © Nesessoryp Qrndition SM vrargiaak Here rating froma ek ®@ afferent condition & | | [Slope of Mey Slope. of MP— Fxplieit eos! ° We 7 v _ PPAS short non) fe = On BEQ. pence ka Ute Aim Pin cs Bid (YT Rr oMgrel BET Nie a8 mir paiva faye 6 tee Mea | be § Meag Ps OPF'Gy — Uy PTAC Set Ae shor} Pe wan @ firm Super Doemat A = OPEG —OMFBe— | prefit- gan 2 \ = frock | ee Bia Frod eg PO fe AFe+AVC— | AG- Ave 2 AFC

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