'Price mc' diaporamas de présentation

Revision Lecture

Revision Lecture. EC202 http://darp.lse.ac.uk/ec202 26 th April 2012 Frank Cowell. Overview. Revision lecture. Styles of question. How to see what you need to do. Doing short questions. Doing long questions. Objectives of the lecture. A look back at Term 1 Exam preparation

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Perfect Competition

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Exercise 3.4

Exercise 3.4. MICROECONOMICS Principles and Analysis Frank Cowell. November 2006. Ex 3.4(1) Question. purpose : to derive competitive supply function method : derive AC, MC. Ex 3.4(1) Costs. Integrate MC to get total cost Divide by q to get average costs

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Chapter 14: Monopoly

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Dominant Firm / Competitive Fringe Model

Dominant Firm / Competitive Fringe Model. $. MC f. AC f. S f. MC DF. 1. Draw D M , MC f , AC f , S f , MC DF , AC DF 2. Find P @ MC f = AC f 3. Kink @ P = D M 4. P 0 @ S f = D M 5. Draw MR r 6. MC DF = MR r q DF , P = q DF @ D r

273 views • 13 slides