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Whe TATE + (Pd)- re = (60-40) (48e0- (uy!) = Go- 4820-800 eu aabiod fms on 24 zauiuenun hee sa gir). ta Ze QP: 4P// wy Individuol demand. a8(m = sato-2° Enum 9 (SG)-> oP tat + co + (we) + feats) 9 uc.pyni-> te fois (0) eng tan Cosy Fochan + Srrt fa (ah Fachan = 4800 139° Gwen egepyengl® + si0fe + at 5588 (320 « 53'33) - Wao 3(s333)* 28 330d xo 1s pfs om Bu 0 ote Mr quinones on ang ba an pos 9 J omte meres (te ar) 4520 - 30 sash un ipeeuse >AE x20 Je wonimse Fah > [ges P 1 Goss ges? + ts 0 + GeTB) Winton Sn SPY aster: na): 0 +19 + Gad to ate SY SB 250-40P + GOP > 250° TOP> aces SD oy osm ag | | (EH = Bona! erent (ata (to) Termananit tat 6 tue eateante gt es Ae [fe Renee apps Ya can union of > form ent dng Toe 1 quan by CCQ) gh gtrtg nd ms Manel mea: ( Bey anon 28(0) TMP pans fee, ma ev oclnd abt Bora ea Song Mas Me ee eT p. 300. , we oven sou.senuns @ bee Pte tendon (27:0) Pe 40 eee i, Moen oaeyre MERU Co acca at-9 2 © cowentive wo. gtse cnt 7D pee (a Foca caters a cohaios | ape ow wats maine INC (o* 0) eh vertex pen ators ni-ue > ad 79 4(04) + oo. qeYadian os quien by (4) 5q 0) Pear a produehon . prt avd Hola profs pu weer cf a fem ach as & mnonopodist B) Derain, the prdwcion pice ound towel popli pr wees in a comptinee cndilyy © awa Ws coniner ain (res Sup) kn ead of Me one 2 outs oo ua 0 Fos eovlhng SoHo oss ossoualed fe Wwe snanupeyy ©) MOMOAOLY STUATION a h ye wo Ne: 10 Douan): Gs 80-2 —> p> 22 » Gay Fweckon (Q) 5q —> MgC La) 5 7 Toworenit Wu quaahty = [lig Wye ; ke wwe catudale Mga a : uga: ta’ = [19-0] je eS mea: (22a. = Pgs a es. (mye G whe ses PS (me) = (500) PS} vets Soi Mg = Hal = 15 as 5 [GE Ta] Fatah 2a. Be Des too- 755 e804 > Fauite . Dob phy te TReTE + (PeO)-TC + 15-650 50+ (19410) - 5(10)'-(510) + 50-50-50 -[30mU] © coupentive inpusiny S:TUATION Jomuwar qouny > [P= Hg] wo ce } 2.0. g > 30-0: W > [BEtO] Ptacnon = Myc 5 |p soo wie 5 [Fra|tue ieee rere ce + (esa)-Te = (5-20) (+20) « [Dona] Pag pas Fes. (owe + (ele « s00l/ = +8 1s cons can + 28-109 :GD)Hs @ duunond ware qe tt0-p (ps price, q: wutehly produchen) TH Rims con ty sq? 0) Dilemane WE proauchan . pact ond Iolal pakir pa wlek of funn oc a manopeldsh J Bema, tue st vs fat of 206 pr pod cmon 9 Rlemine yx mmanimne pitt Hu qureramaunh shavid ger for mat matopuist » ss el i © monn 74d. Wha wad mW corresponding oop lath 7 4) ayoroy semmrioy Team) t20-p > ps Hoa Gey Fechon ehq)s g? > MgC (9): 2 To moms Ha gusty > [GR HQC] ut caunlane gh gas TR’ = (120-20) TR: P-Q: (w0-a)a: toa- at G0. Myc Mga eo-20 +20 0 40 -#/G2 80) Fatale wa) =Te + (ap-30)= 80! [a6 mg Fab ches erate: BD psncor cess toe 2 tun Con paren = (9): 98929q HGR: MgC} M20. ta : 20.20 - oo. 4a -»farzs) YO Mgcam + 20:20 Fo o- a: to- 25 —» [PEAS] Maw ue apetmere + (#oa)-1e + (05-95) = (ents soles) + 2595-28 » nan + [BESOIN] Mw Pagar © co = (owes (s0-¥Nie + H80/) fos sees 5.5 (iy + Cone © Govsede (eossaye + OO! es (omit + Cools (wu ¢ (etal + $0.90 (Smif se Coluiak by Compe sank: horus lo Minnie Pruces,gs Wad maneh spi oa 2 gros than - BY of cao ars oak = od = 1, mt nga a) ss 2. ema Ope OL HE for ear Groep “Wun SeoE pac oixsssnriony Suing dif) puss fu deen onto Tue gam, * Wag Iuome Conners > Ere -3 Ede 3 © dow Inome Conver —> Ere 7 > [Eb ? 4 c oe | monn gaiy ve seoy + (gh agg] F ue | » a fies 1 Fe Hes Re ROLE ~ fees] Oo A 7 El exenaise 4 Oy om wary WS orgamc (foKude Jet) wre oa month fa spin on? grap Ital comomars urn of ae) ogi by udp) H80-Hpe od cd rotournn, won dastnds faa A gales S5- pe. requly. tu way fas 0 Reade pore potaced = 1 05 puumane tas pce Ym wy Smad wb fr cae Gop fy Wy Dates, na ain conta nlp hapats & ae Te coca ath ta tn nny bah fon tig eit of win? go or TBO Decne PEE RuemWANATIIS Foo | que tm-up > tte H- S ee q)s 1549200 (Con Fisctan) > MCs 45 . mops TaeeTAc CQ) + (Hes (fee la) 4 4 24 1OD€ o> pralaman amd 9 corded (Se pee- | Ne oe oo GROUP 4 = covumens Geo 2 inestnunnnts CS. (bmi + (Wevasie = 400 uj) CS (wnt: foe teliz + 200 maf] ar PS: Lem): Gonis: aoa mus PS (wh). to. 29+ doom ° Jaton (sass) > Soman to 18 DALE MIKE DILAILANATON So SES=O FTL canans aM go-m4 Fo pny a Hom and HM Aum capita canine Surplis 40 Poin ib no Readancapa Lan 2 PS > Momsnred| exenuse 4 A compra jurns (RB) oot planning Yo veh afte Jor ofes. Gon juin com dextloP a fast Trogir quatly aysioan (1H) ond a lost quonkiy aysiom (C). The correrpontiog pay-off mar 1) Domne jug Was qubibrsn 0f Hak gonna bot fit FIRMS Yate hair dion samjanuenty 1 ay aan egal sadomanand shaieget 7 B swe mows (ak Fun A roves uth wbutan Tuna eaves me etenwirts (aed fi onan man woven!) _Bmink Yn smatoneoany —r Dowaanl srolegy > (cask fuer has oF © ybete fumm> Joke Maur duasons > oh oan, demarauns sraleyy cwsurure 0 Nash Calin 9 May Fim fe anasnirer To dene Srotegy No equulaonver qth fame 8 anant He A we owe 2 Nase Gelaorunns TINA Fen Boon & 98 (eat) > (49.00 Foe A doa Hoe & bud (00.9) PO rua 8 ont Lied » Tum A Seqpunhal deusions: Jacke Toma 9 Ton B mene node > Wy rome 8 neat (> (20.0 { rae OF. i, cam 8 unset > 02:8) EOsLBCIUMA (4789) 9 MTom Awe Ay Fem A mies ust > Fee | yr Buneat @ > GOK) i creme © $n nan @ (00 pause? vos usnnd orion of nents 9 on by QLD 200-2p ME MANEL o copeatd by 2 cmpehing pom ee er non m4 Of C(I) = #GEomd Te (99 «R04 sahase g4 ond qn eta Pe Gunnin) of ML good a, eogeceny. (m4 aad foee 2 produce ewan You cunounds ice, and Rovuis 0) Mat Gul Equslidoumn(aod MEE TA-ve + (PrG)- 20a. + (4ov- 2/2Y0r- toa + tooas - (HOH + on We Bs wo- ar aut +2010 > RCe mm i: 80- aWe Sowhons Ot es Oue = 85-(t0- OUR2 + Ges a5-40+ Quid + O1- Oyys 45 —» =O 5 > (Bz 55] Gee wo- ay: - B- (#9: Get + Qu. GO- 425+ avy + OL-Oue @+ G01» 60150. [ROT] Fe (Roo 2ayy2 + 409- ar + too. wore = 100 - 55 —» [P: a5] stun FHS TRA TC: (Peay= S01: (45+ 60)- (05460). Tio as Mee teres (Fe Or)~ 200. + (49+ 50)- (tu+50). Wome » " an GQ: 20u- 2p —» P: (tou-za)/ji + 400. G/r soup: Aor > Gis 20. a 27 sup Sines ACL AT Th = TRC + (PGi)- HsG0* (o0- ase. Or ser teva « 23 aso, : wom = BEBO war waar ABO is) - gay. SuFo-aue) = 2 2 . Sh, mH gag, noes saya saa ee ms =. $= O1-40 6 Oye 10% BS~4O+ Qi-OW > 4S < Gye fara] Gis = Gifs = B0- o0/e » 90-45 + [e=Bs] 400-Q/2 + too - (ae aryfe + 100-(90035)/2 + (00-5 oe ¥ (P= 01)- 1504 + (579+ 40)~ (15-40) = 3895 - 4460 < \- 2001 » (375438) = (2035) -: deh *exencise 2 Candia Ye 2- gue erdranye Cray oA whi Cannes Pueenees ont n(x) sar Pet Ast Be Une) mn |KO Wane @IDOAMONTS > wa (42) & we (2.1) (OD Demnine Ree Walrarain Govwal Equaiacrvin B Tupendd Yor equsuncue un tae Ghat arty Boe 8 Toy mo mpc Ya paciwnn 9 ‘an ; Toy wo rept Yat pe Jung svtad Wu waht onloanmonis ua: (2.39. we (42) uate ees) man eet ctf te 1) Cousens a || ments | yal at) mente xa we (9 pee La" cep Me [se fom Poke & Prades Powe * hose ce > aCe) = fa Fee of | at Capron oA Good GaP aA ie. Roth INA hye ap SNR sat Deeeunes wait > SEB, BE ve 5 Oa Shae ean an cals Tete Piste ee feat ah Re) in et ag the tte , Mey [eee 5 Th. ths ae + dGodl > [eres] & eS) 7a) saBiber ost anual podchon hchnlogie with ony Jove cobs face te Jloweng C Poston gu ous topats aed gan 25 fps 1 Dennane Hae equiiivon of He manKed 5 ay Comput A paces, and WH coresponding POR Be Booman Hae aL eqAibi vand Mt Cogan ach Joma tt im 0 Rearnwy QuoPOLY “2 Byes mpule in pats (uote ading) © Que 20- prope Obs tor pipe _ Beaehon Cnt of Faw t The TR tes (Peed FC = Pr(20-F oP) - FC: 2OPe- Pete MiPe - FC wee Be wee anette ace @ Ro teoalal | Rochon Govt of Fur Rea « RC ob [Pes (torPae - Bawinon ( Seustars sen) a ne (TO PY/2 = (20s (zO.FUEINE + (20440 RyaY2 + 10-5 Rls he feo [Peto G's 10-tat, + t0- 2020» Gua) any-re + (2020)- Fe «(ua FC] + Te TeenmayD _svofocy > 7 fume compete in ces ( Tum 4 oven ral) bt Pe = (200PO/2 are TA-1C : (B1rQ)- FE * P(to-Mee) FC + Paleo Pe o((aa>Pye))-Fe = sors ees el (tovPiie)-FE = 2H RES M(HOH Re) oF + POR. Ry e+ Ree Om. 20- efor -Fe 10-4 20r0-Fe = 2te-F > [asa] orses UY General Equitibrivm Gonna WL - ound emchounye economy «A whith, convana’s preprances ane d4rcxded by: Unlout ne9 aa? & Uabeit xg) tet & ne eoameuts. w(t) eas (248) 1 Dowist Yor wioiarann Goneak Equacbvms B Riper sm Eau sats Cun Boe ©) Mapenah od deme fas 004 Prele-eipica Loe on ad crac Hr Ys pees caution tetany test 2) Tumi Yu pce deca Gad Mra masa Yue anna endeared 40 tad ns (2,015), Wn: (4.us) ewes Water Gamat Cpe ato 0 palrt of yar amar meerenOes Lyset): Kas ee (tt Ott in ny ai = fase fy so, ung: 29% man sg 9 coursnuens |} Ua Cah atch > Was (uu) unpte sx Uuyee = Xe Bl cassis Dgxe et Tegel nary opntn: Ge a EA ele aah of aS Spe — Mees «rm cti 1S tow tae | Reef + Pan + Pour, 9 [Xe © > wh bee Tyo, kat th Fly, We dain has Goad Gyrioron ron Aageged Doss) (pce) + Payeasie Sey (4h) Eauasoruen o Good Breet wes unt fron | Mosh yyy RK wn ah ise), Ranteh , 25Ret USHER RL, Ta 2(sny 6h om — fat, MGI eb A Ka sen on Oh Geweane eQuiNERUM BD WE (XAL KA) (x0 x, 3 edywaita Foe one > ran 7 ©) a Pavwe Guia) vovenred staan ta Ind Juones Coes of Mand B conebts So. nnad cade, sy Das famguns of La op A= 1 Gane of Bart) ‘ sgtet Ul, uoratee SE AE og EE, teat CEE BE BE ee ES sehen) «aA (aeme) 2 At UK Bee KK oo buts ane 2) ve rave cen as Fie poyyh, hwrtatwe ,g, MMP [ue panes Rand] % uh th ido ma: Pa BFL. 80 : Mahe ues srowcr 9 hs fo(unts 3a’) oun" aed@ Two Fons produce Inke-cumy dibes combining 9 ee) iagre dont (2) ond a sally vg Twas produchon provesns ove reprenonled by Hot Tecrneloqes (x.y) xy ond Glau) © fespeeheety fe pace af tae Kitoyane of veh food oe whureas fou pace fea Ke of tally fds de 0) lauaiy fre rewns fo ale of tack Kecinlugy Bowdon Ma. daemune fe Snape oh mt srg (ook carves ca tony 18 1) Delemne tas ophinat combsnaken ef each facir (iypt of goed) tea Bote fume woud reat Ie pole 8 dahes 6) Mee mane mae cons tonat dowd foreach Pacer cal panda tae conupening lal cask for éoch Jum acco dangly (© “te Goh pouton oh nepal shxtnann jr oie sco C4) 24809» TOKE fF oak te manned o prfecd comprhhoe eratd of 60 tune Joma | cout cosh, tarpaal ct on) oven vornise cosh, Which: ©} Repent yaprmally Om I Jinan toe once ise un Re cevepacy Mates pee profs? Se. dihay adD tthe equinus pote ef Me maw 7 Caueulaie aa 8 Th donate oO consson zurphes queen ine eqpaibounn prt tn Few vn nant fored np ony 2 fms (Juopauy) Mad Yaty Compe Shakgically or Quen sowad be Hou promovs one (C04): 3q',29) Way wncaed anchor of ote Juan hes (pes co rpsone) so fr Cast 7 Tomgore ra rest cha Wak preven Ones be tae equitinnuen pove ob Me DD cucdus 0 tao -ogus! cruramge ecormy suinih commas prefeonies an dieabed by Be Us(ist xt) sted, whose wad ondoamen’s o7e Un but xs") = x tun (3.1) & woe (403) Man 3 Makimine ed (uuatinsionr) Gonwral quran and HpruOn) I Ad Ma Cato Bom Gedunmine fos Ho) feel effet and prennl ha ML Caan Bon