Final BUS 6010 @ 03/11/2013

(.) 4 ( 3 ) 20
1.
1 ( 7)

3. 1 ( 8)

2. 1 ( 7)

4. 1 ( 8)

TR = STC
TR =
STC = TC =

TR = P*Q

------------------------

P =
Q =

STC = TFC + TVC ------------------------

TVC = AVC * Q ------------------------

P*Q = TFC + AVC*Q

Q=

1,000 10 600

TFC = 10,000,000 , AVC = 600 , P=1,000

TR = STC

P*Q = AFC + AVC * Q

1,000*Q = 10,000,000 + 600*Q
400Q =10,000,000
Q = 25,000

------------------------
( = - )

****

TR
TC

TR TC
TR TC TR,TC
TR MR (Maginal revenue)
TC MC (Maginal cost)

MR = MC ------------------------

(diff) MR MC TR TC

diff
d() 0
)

a*n

 1 :
2 :
3 :
4 :
5 :

TC = 5000 + 100Q + 0.25Q2

TR = 1000Q - 1.25 Q2

MC = MR
=
0 + 100 + 0.5Q = 1000 - 2.5Q
900 = 3Q
Q = 300

300

= 1000Q - 1.25 Q2 - 5000 - 100Q - 0.25Q2

= 1000 - 2.5Q -100 - 0.5Q
= 900 -3Q

2
= -3

300

= 1000Q - 1.25 Q2 - 5000 - 100Q - 0.25Q2

= 1000(300) - 1.25 (300)2 - 5000 - 100(300) - 0.25(300) 2

= 130,000

(.)
P

TFC

Ex1 610
9,000

? ?

MR = MC

-------------------

------------------- diff MR MC TR TC

TR = P*Q = 610Q

-------------------

TC = TFC + TVC = 9,000 +

-------------------

MR = MC
610 = 10 + 2Q

= 300

= TR TC

-------------------

= 80,000

300 80,000

 (.)
P

Ex2
100

TFC

10,000 TVC = 1,000 + 50Q

2,200
-------------------

TR = P*Q
= 100Q

TC = TFC + TVC

-------------------

= 10,000 +

TR

= TC

-------------------

100Q = 11,000 + 50Q

50Q = 11,000

Q = 220

90%

 8
(Perfect Competition)

1.

(Many seller and Buyers)

2.

Homogeneous Product

3.

(Free Entry or Exit)

4.

(Free mobility)

5.

(Perfect Knowledge)
MR=MC

, ,

, ,
MC

MC

ATC

AR = D = MR = P

ATC

D
A

AR = D = MR = P

MC

ATC

, ,

C AR = D = MR = P

Q1

Q1

Q1

ATC AR

ATC AR

ATC AR

:
1.

AR = D = MR = P

1.

MC MR (MC=MR)
( )

2.

ATC P
- ATC
P
- ATC = P
- ATC P

(LAC)
(P)

 (Imperfect Competition)
1) (Monopoly)

1.

(One seller)

2.

(Many sellers)

3.

4.

5.

6.

( AR=D O)
, ,

, ,

MC

MC
ATC

ATC

Q1

AVC

MR

AR=D

AVC

Q1

MR

AR=D

P = ATC

P > ATC

, ,

, ,

MC

MC

ATC

A
P

ATC

AVC

A
E
P

B
D
C

AVC

Q1

MR

AR=D

P < ATC

Q1

1.

MR = MC

2.

Q1

3.

AR=D Q1

MR

AR=D

4.

Q1 ATC

5.

ATC() P()

6.

P AVC
P AVC
P AVC Fixed Cost (AFC)

Q1 (Q1 Demand)

P ATC

P > ATC

P = ATC

P < ATC

ATC-AVC = AFC

P < AVC

P > AVC

( AR=D O)
, ,

, ,

LMC

LMC
LAC

LAC

Q1

MR

AR=D

, ,

Q1

LMC

MR

AR=D

Q1

MR

AR=D

LAC



2) (Monopolistic Competition)

1.

2.

3.

4.

5.

, ,

, ,

MC

MC
ATC

ATC

Q1

AVC

MR

AR=D

AVC

Q1

MR

AR=D

P = ATC

P > ATC

, ,

, ,

MC

MC

ATC

ATC

AVC

A
E
P

B
D
C

AVC

Q1

MR

P < ATC

AR=D

Q1

MR

AR=D

, ,

, ,

LMC

LMC
LAC

LAC

Q1

MR

AR=D

, ,

Q1

MR

AR=D

LMC
LAC

Q1

MR

AR=D

1.

2.

3.

MR MR
TR TR P*Q

MC = MR MC MR

ATC Q

P > ATC

P = ATC

P < ATC P > AVC

P < ATC P < AVC

MC Q
P

(Cartel)

(Collusion)

2
1.

(Market sharing cartel)

2.

(Centralize cartel)

3



MC=MR