Jika curva supply bisa di substitusi curva demand semakin landai

Demmand factor : adv, seasonaly , number of consumer , price expectation

Bandwagon effect : harga diturunin , banyak diserbu
Snob effect : begitu harganya naik , permintaan turun (tapi ga banyak )
Demmand monopoply ; satu , oligopoly : demmand banyak
Intertemporal demmand : konsumen rumah tangga ; kebutuhan pokok
Rate of return ( suku bunga )
Karnea pasar monopoly tidak boleh menentukan harga semaunya
Elasticity :percentage response of quantity demmanded as another factor by 1 percent
Sepanjang kurva demmand , elastisitas nya berbeda beda
Income naik 1 % , demmand naik setengah persen = income elaastisitas percent
Income elastisity larger than 1high positive cross price elasticity
Cross elasticity
Highh positive cross price elascticity

Normal goods dibagi dua : normal necessary, normal lux

Necessery goods
Lux goods
Inferior goods < 0

Total revenue maksimum tercapai pada saat marginal revenue sama dengan 0
Optimal price didaptkan ketika elastisitas = 1
Kalo elastisitas rendah kemungkina revunue rendah
Ketika ingin memaksimalkan total revenue , maka mungkin perusahaan tersebut bisa
memaksimalkan sales revenue
Efisiensi mengoptimalisasikan fungsi dengan teknologi/fungsi

Background and information

Element penting : teknologi ,inovasi

Production sale : many useful things result in in too many useless people
Teknologi production function change rapidly
Input : labour , capital , land and natural
Barang produksi yang bisa di ganti disebut fix variable
Barang produksi yang ga bisa diganti fixed inputs
Variable input
Measuring producitivity : total prodact , average product , marginal productivity
Marginal productivity :
- stage 1 : in the begining , make productioan efficient
- stage 2 : variable added , contribution of add input will decline
 - stage 3 : variable added , contribution become negative , output negative
law of deminishing return : Law of diminishing returns adalah sebuah hukum dalam
ekonomi yang menjelaskan tentang proporsi input yang tepat untuk mendapatkan output
maksimal. Teori ini menjelaskan bahwa ketika input yang kita miliki melebihi kapasitas
produksi dari input, maka return (pendapatan) kita akan semakin menurun.

What is the 'Law Of Diminishing Marginal

Productivity'
The law of diminishing marginal productivity is an economic principle that
states that while increasing one input and keeping other inputs at the
same level may initially increase output, further increases in that input will
have a limited effect, and eventually no effect or a negative effect, on
output. The law of diminishing marginal productivity helps explain why
increasing production is not always the best way to increase profitability.