faRell No- 0 2010C

KEA No- 2025looce

Sewetes-
abe Code - fcoNO3cs

Taber Nae utev mediate Hiervtmo nics T

Dete - 4/o1/22

CDbC+20
HC c )
2D+2
atiow prsklem kaeeda b*{
Ha R-c
Hax
cL
Hax T )

(Foc Hasinizatien/soc
P-c'C
HC

P 20+ 2
Tiseevates the tas bippl tavve, but
e hesks ave eanive

Check
2

HC uwavd slopina(He'c}) >o)-

HC 2 o
)Hc above kvc (neLD > Avc (D )=
HcD AVc
20+ 2 20+

'Condi4ion tme o A po sise ualues o

P/Me/AVC
HC

ANC
yCF B00- 5p
P) EADmut() (Hovizontal Smoaatin

y ) p-Go
Eaualctb-i (Haket)-

L00-5p: bp CD
p Go
45 (Eibri price)

b(45)h5-Cco (Havke eay:ltbvim utput)

135 Co
75 Ch
(Prm eapaWbvi output)
15 12.5 ( D

cror mewopoly-
PLJD CD- (Haket nverse demand rse
RyCDy-
HR RC CD-
HC 20+ 2
 HR- MC
co-1 20+2
s2) O

(1
250 200 5
1G.C?
C o- (

17
> 55 C (u
he C {irwme fovmnina a catel have tdensticall HC
unetians
HCT ie ndb koviaotabwmation
HC 20+ 2
HC
y 8G(Hc 1)
y Y HC-CD
HC Y+2D
 Cattbr Mauket)
HR MCT
Co- Y+20

MC

) HCE

yGoD
Y 2 5h 55

C D L (54 55) .0 5 5,5

HR

120
D

CCD 12O

540

pP zh:0 (G
5h55

.0 hS
HR U

Bndaet Lne-de+ R Go (:kial) 2y co Fua)

P P
HRP/P HR Pe/P
Conemtion o ond Cawbuptian oe oy

(12D, a)
oY Perleet Snbsttutes, Hieks 4 Blnteky salueb are boime

EV AaKAiowal mcome reaired to Snal

stay ot he iieivae post tio
Pwreaeipapawer w initiaL pries Costaict
Hickb
U bc" (ial uitty
120

H126)+ 2(0) Tntbial BL)

M 20
SM 120-GO GO r
 Fall bundle >
(12D, o)
H C25)+ 2 (o) (Tl BL)
20
RD-CD
AH, Go
Teamireo
CV Chouae i
ncome, to a back to initial purahabing pover
ith nl price cnbtva uts
heks
CDttal btlt
190 e
Co

HCo 2(6) (Fral BLD

Slatsky
Dal bumdle> (co, o)
H
(c)
2 2 () +
(Pnal BL)

M - CO2 0 (
()

H IG

C-4)+ 1

At mae U>
HRS E Pr
P
on bc o the BL)
+
Nos

+4- + 1G
2y 12
 C C UT

N 6

6 C
7
CS
N

6
N

5
 Ro 3.
(-
lt
Pl
 r

ELatiett Alybis pr -
HR, P - VeD HC -

HR2P (- Ve - HC
P6-Ve) Pa Ve)
- 1/ee

1-e

Pa

e e
Harket
2b mare elaie Leser price
Haket 1 t lesb eastie
HHake pice
9elave
CS het
soviminatian C A disorminalbian
cbhmevs wwt iahev reeereatien þrices i
Sced pice in stthot diso. case
1)
e cosider the pri eiwa prob lenced by he ainens o
Am amusement park- ey may et one price r ekets to
et into the park amd anether riee (o e riaes

hepice hat peaple are

wling to pato qe 'ets -the pavk
depends on the piee rides MMia uso- part prieia behe-
Me
ealled too-part taif
Dq-1, tte demamd euroe amd. the canstad HC vies
ave
depicted he neaabive sloped. tateb th-
demamd eurve
i
t te owners sethiah price r eaeh vde, user
des
Aes st be asatled Priee p lend to a demama ek or

Te total meAsured. by the

stlinanes to pay
Consumer burplus
Cs
Hax amum Boct he oners can dharee s -the aren «

Total peo(t» C+Pro:t ondes

C4 (-He)
Tetal pras waximzed ushen p HC

As te oxners ogt t» ahavne people her C%, tetinA PHc

Ovmdhe entruee to e reelbing C5 's he pvef:t- macia
potie

C
lobt palt
Mc
6
T
O
7
eh

e xcees wetum thatt s va-

Kisk premim is the meabure

ived by a indi staual t» campenbate henm ovbeia bubi

eeted to on nereased level oik

Heve Rsk Prei £() - CE

Certoiy adalenee (CE is he aQYanteed amnt o mon-

ey un nsestev uwrL aceept mae tmsbad f kina o iuo to
wove meney ater

uCce)fu()
CEU(Eu()
RP ) -

U' (Cu)
R O or ribk adevse consumer

0 skCage Conbume
A
2
es (price otons period i
e
L9Aen
A
Veda i met barvawer 4 aurrianb
-

6Lbsk bc e; (- c)AC
AP
e rises, heve +
bbubtitntian oconswmption
pe 1t pevied 2
ovAMet borvoser, \Yed wohaUe te pa ove
tee
btteerArbus n beriod . us he bomouss less 4
Conbwme beriod I

Ne, asbumptio wormal apod

be depends o
C
Ne booser -C ts
negatvee
eaabive
.' eda ib usorte dne to vise n t
bLbecomes eepev amd Veda. tanp on e vight o E
 vevif et P A tlalle uwho-
Breueklud prelerence, we

Wab cOnbumed

9eda's selfave deorenmes"