Microecon Chapter Six Notes

April 20, 2019 | Author: Victoria | Category: Demand, Utility, Economic Surplus, Demand Curve, Marginal Utility
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University of Minnesota CIS Microeconomics 2011-2012 I Microeconomics Principles and Policies Book....

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Gfarxd Wiv: Gmkwtnd Gfmigd: Ikhiuihtac akh Na`dx Hdnakh Wgagixy akh Hdnakh Hdnakh iw agximk oy gmkwtndw  . \iccikl akh aocd xm ray xfd rigd Xfd wgagixy me ikgmnd iw a dawmk |fy cdww aeectdkx gmkwtndw hdnakh cdww  Gmkwtnd rtgfawdw ad ikxdhdrdkhdkx   Raxiac akacywiw ‗ akacywiw ‗ acc mxfd uaiaocdw hmk’x gfakld Txicixy: A Xmmc xm Akacyzd Rtgfawd Hdgiwimkw Txicixy Waxiweagximk  Dagf gmkwtnd wrdkhw ikgmnd ik xfd |ay xfax yidchw xfd ldaxdwx waxiweagximk  Fanotldw uw+ Nmuidw dvanrcd  Xmxac Udwtw Nalikac Txicixy rd wmk |icc umctkxaicy liud tr ik dvgfakld em xfmwd lmmhw Xmxac Txicixy: xfd caldwx wtn me nmkdy xfax rdwmk Nalikac Txicixy: navintn anmtkx me nmkdy xfd gmkwtnd iw |iccikl xm ray em mkd m nmd lmmh  Fm| ntgf ahhiximkac rcdawtd dgdiudh oy daxikl mkd nmd rizza= Xfd ahhiximkac rigd  Xfd –Ca|„ me Hinikiwfikl Nalikac Txicixy –Ca|„ me Hinikiwfikl Nalikac Txicixy: Ahhiximkac tkixw me a gmnnmhixy ad |mxf cdww akh cdww xm a gmkwtnd ik nmkdy xdnw+ Aw xfd ikhiuihtacw gmkwtnrximk ikgdawdw# xfd nalikac txicixy me dagf ahhiximkac tkix hdgcikdw+ Xfd nmd me a lmmh a gmkwtnd faw# xfd cdww nalikac txicixy ak ahhiximkac tkix gmkxiotxdw xm mudacc waxiweagximk  Fidagfy me twdw em a gmnnmhixy  Rizza waxiweidw cdww me ymt kddhw  Ahhigximk  |akx nmd me a lmmh  Nmwxcy nalikac txicixy hdgcikdw aw gmkwtnrximk ikgdawdw  \fdk a gmnnmhixy iw wgagd# ix faw filf nalikac txicixy# dudk xfmtlf ix nay faud cixxcd xmxac txicixy odgatwd  rdmrcd faud wm cixxcd me xfd ixdn Twikl Nalikac Txicixy: Xfd Mrxinac Rtgfawd _tcd Dv+ Xfd kd| txicixy dagf rizza yidchw:  . Xmxac txicixy ymt ldx emn xfax ktnod me rizzaw# niktw xfd txicixy ymt |mtch cmwd oy fauikl xm ray em xfdn+ Nalikac Akacywiw:  . _tcd Mkd: Ie nalikac kdx txicixy iw rmwixiud# gmkwtnd iwk’x otyikl dkmtlf+ Odgatwd nalikac txicixy dvgddhw rigd# xmxac kdx txicixy ikgdawdw oy otyikl mkd nmd tkix+ Rmwixiud nalikac txicixy iw lmikl tr xfd ficc+ . _tcd X|m: Km rtgfawd qtakxixy em |figf nalikac kdx txicixy iw a kdlaxiud ktnod gak dud od mrxinac+ Ik wtgf a gawd# a otyd gak ldx a filfd xmxac kdx txicixy oy gtxxikl oag` xfd rtgfawd qtakxixy+ Odwx: NT > R m NT.R>M  Mrxinac Rtgfawd _tcd  Ix ac|ayw rayw xfd gmkwtnd xm oty nmd me aky gmnnmhixy |fmwd nalikac txicixy  &ndawtdh ik nmkdy) dvgddhw ixw rigd# akh cdww me aky gmnnmhixy |fmwd nalikac txicixy iw cdww xfak ixw rigd+ \fdk rmwwiocd# xfd gmkwtnd wfmtch oty xfd qtakxixy me dagf lmmh ax |figf rigd &r) akh nalikac txicixy &NU) ad dvagxcy dqtac# xfax iw# ax |figf NT>R+ Xfdwd rtgfawdw nav xmxac kdx txicixy  Nalikac txicixy iw wtojdgxiud akh decdgxw gmkwtnd xawxdw  Ahjtwx rtgfawd qtakxixidw xm dqtac na`dx rigd  Emn Hinikiwfikl Nalikac Txicixy xm Hm|k|ah.Wcmr Hm|k|ah.Wcmrikl ikl Hdnakh Gtudw Rigd hm|k# qtakxixy tr 

Gmkwtnd Gfmigd aw a Xahd Mee: Mrrmxtkixy Gmwx Fm| ntgf me mkd gmnnmhixy xm oty=  Mrrmxtkixy gmwx > Xtd gmwx  Ga uw+ Gmccdld=  Gmkwtnd’w Wtrctw: Xfd Kdx Laik Emn a Rtgfawd Gmkwtnd’w Wtrctw: Xfd |iccikl ray niktw xfd agxtac dwtcxw ik a hieeddkgd xm xfd kdx laik ik xmxac txicixy xfax a rtgfawd oiklw xm a otyd+ Gmkwtndw Wtrctw > Xmxac txicixy &ik nmkdy xdnw) ‗ xmxac dvrdkhixtd Dudy rtgfawd ntwx yidch gmkwtnd wtrctw  Ahh xfd nalikac kdx txicixy xm eikh xmxac wtrctw  Larfigaccy ha| a hdnakh gtud aw a wdx me oaw |ixf a fmizmkxac cikd aw xfd rigd me xfd lmmh+ Wtn aomud xfd  rigd cikd iw xmxac gmkwtndw wtrctw+ Wgagixy aiwdw rigd akh nalikac txicixy# otx ix ldkdaccy dhtgdw xmxac txicixy+ Acxfmtlf xmxac txicixy ndawtdw xfd  odkdeixw gmkwtndw ldx emn xfdi gmkwtnrximk# ix iw nalikac txicixy xfax iw dqtac &arrmvinaxdcy) xm rigd Ikhieeddkgd gtud iw a cikd gmkkdgxikl acc gmnoikaximkw me xfd gmnnmhixidw xfax ad dqtaccy hdwiaocd xm xfd  gmkwtnd+ Nar me rdwmkac gfmigd akh waxiweagximk hdiudh+ Ikgmnd akh Qtakxixy Hdnakhdh Ikedim Lmmhw: Qtakxixy hdnakhdh lmdw hm|k |fdk ikgmnd lmdw tr A iwd ik ikgmnd gak ikgdawd m hdgdawd xfd rtgfawd me a lmmh  Kmnac lmmh  Ikgmnd tr# hdnakh tr  Emn Ikhiuihtac Hdnakh Gtudw xm Na`dx Hdnakh Gtudw Na`dx Hdnakh Gtud: Wfm|w fm| xfd qtakxixy hdnakhdh oy acc gmkwtndw gfakldw aw xfd rigd gfakldw Na`dx Hdnakh aw a Fmizmkxac Wtn Ahh qtakxixy hdnakhdh em dagf gmkwtnd ax a rigd  Xfd –Ca|„ me Hdnakh Rigd tr# hdnakh hm|k   Xfdd ad dvgdrximkw# otx –eai |daxfd„ gmkwtndw ad xfd gatwd me ca| me hdnakh  Na`dx gtud iw hm|k dudk |fdk ikhiuihtac gtudw adk’x Dvgdrximkw xm xfd Ca| me Hdnakh: Rigd akh qtacixy  Wxaxtw 

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