we- Li P.r.W > Cons: Sereettni ne, Permarest chonae Va lateme Cty ash ty) > te, ) ate 4\s Ricerdion Eq. Thee ¢ Tirwing, e+ tores dhe mt matte. > TAY CT vs Net tee Cowen t ~ Mom ~ I- Rep Gm. > ? C4S = wih.© att ci) Teas Ns curent Saving time ce endowment yor" = ¢ ¢ : ; e Co. wiGhe fT a Cle)sS 7 + 7 (2) Sto cons N; at. ca CN $C) DIB.e wa” Cre” = wth ane tT + wtheg? « \ae lee Peeters Ie cea f ees) Pv at cons. te ite SAcean © OPTIMUITY Conortads — ° MRSy ¢ uw - MRS sw’ Corer . MRS. e ¢ ler) Ca) Curcese Later Supply CN) oe Ng is positively shop ¢ Assming subs ot iawme 4 ay 2 a ) Te > Makes Ca) ftw tenn: = che Cored z: les $ Neca) A Cttred! tates = ~~———__ YY N ste ntempral subs of labor 1+ T Wife diene wealth Care wage) income 3 Wis shah de tee Lege NsCe) inet Nya) Ns |. Curcest Demend tr Cos Grd Dernend a ck ) for carrot € Comm Geode A tmovginal, sity “to consuve olehaee <' Ye coreat inwme @ Assume S70 Sy Coneumes are SAVEES C lends) rs Ter t va JA T life time incore > Bey Cincome effect) ae 2 “SS: chee! Shale: ql)Assuming Subs. eftet F inane aged) we ten Sat Aca VC a rene | o*Ce) wee we Y tlre) curcenk neene Aral a lig tie wetth od 1 C8 » Se ce) Curent neContrast Ostet Supply Curve Ns(r,) i : Neer) Teen al fr we Na Yeo Fenn)I. Rep Eicon Y= 2 FCKN) “& oy cree Ne. z2F CK No “ye on a ote eee R- Eph as the law of motion see ee Stork © Peogits onl Cant Lele Dewed (Nad Te 1 Slaw ouiput = revenue lavestann, Cost of parle , 4 , ¢ Te N = wN% + Cd tne na Talat© Coat Nabe (Ny) will & Ned til \ Mea, ow, TZN (Ne shih > TKS TNE Cg sephb . lave stent Decision MCCT) 2d LC cost hroppees cows! \ Me(r) = Mey? + lid ler L benagit happens toners! | Eq. Gnd: MCCT) = MBCE) 42 Mer eled > \ae r= Meyeid — Net Meu” — MPyendLK . $2’ e MPye a =d MPyd Ta Cc. lavertmert enth — Asymmatie \ngo and Eirowol Caris Sine Berewe run his/her Feuer abilities betle Me lobe we have Asgmadir bigs gatlen! chara aes lL degostt ik premium « Hey Myre dx er Tx BL NET RETIN Fem INVEST Ment VI"Ta Nott 2%. >> am - Government, & + 6° =: T ae (te oa Fossreeeeereruesee ra re PV of Tex Rev: experditues TW. . Comptitive EG. : C= INC) nyMaceo 2-18 © 2" Sassen) Cy C cuceent cons) Consumer ———y Ca, Chute cone? N a, Courant lessure) AL C guture ) ow Consumer decide Ny (r) and Cyte> ay Wat Vater conc. demand Geeky l L \a the ln Ye gue Valeor mor let ener leat ‘oh ane at te = o a et Ne) Assuming Subs. effect > incame etpeck R Te ay Fotvn unc r3 Corre Veteore i Ny shy Bact* Non -wage Vige-time wealth (tr et [or ut) > UNste) CLeFTeD Demand fer Cone. Goods T Wyentine wealth @ Tle) Be > Y CRD shape doom Mh! — N 1 C Demand lobe) Cloeertmest Denard )Ny 42 Ctee) » ONg Cshgts up /eaght) TK > Tra Cshyh wp) r Ige Mee a x (pd Ia NeT MPy LK *Ta Shiths eight 4V ote Lx wo TtTdGov. GtG 2 T+40 lee lee Comp. €Q © Lobe merlat eos! © Leber market detomines Ys Covtpet ent) Ve WY Shiph is Ne, Nu, N oméd 2 Fee, a) ull shat YsEX. Whet happens 40 Ys it TC andfe 16" TC alle T6° s TPV o ‘TAtes! G+ 6° = Tee tae ter TPV of Taxes > y Non wage wealth 3 Y Gent Lessure 5 TNs C shats ye —) > aYsSu, Whet Wappes ke Ns ig %2° Toate 7 Ny chi right ae | a 7 f % shafts vp Ne Fue) sat 7 NC) t wi = : Ny t 4 Ny Ny = 5 Yo 2. PCR ‘a Ye z-F CB, n)9 GOS market will determne Me outpat damon Ye= Caled +TaCr) +6 L + + Contras Siem s se CXS Cyt 6 Cl Cea) 412 Cet 6 Yo Y Assuve Te fron ta & fea shigts 2 TCD Aa shigts vps o VT bf IT OMY yas ty >a ¥. be cave | cons Sor teit Yo. tls Amey’ > % 4Ta a M4 bh = Atmey’ > 4Ta aysEX: 16 Chm Gite C2) _s Dened pegs 6% #I%a)s Ga co T%,) 4 6,Connpuete LAGCe = MAAR eT Move Nec) Touey Aunts torlat forinas OvTPT | MARKET Vs Na