Latest Articles
Consumer surplus under single pricing vs price discrimination (6/23/2006)
Positive consumer surplus under single pricing vs zero consumer surplus under perfect price discrimination.
Positive consumer surplus under single pricing vs zero consumer surplus under perfect price discrimination.
Marginal revenue under single pricing vs price discrimination (6/23/2006)
Generate and compare marginal revenue under single pricing vs perfect price discrimination.
Generate and compare marginal revenue under single pricing vs perfect price discrimination.
Total revenue under single pricing vs price discrimination (6/23/2006)
Generate total revenue curves under single pricing vs perfect price discrimination.
Generate total revenue curves under single pricing vs perfect price discrimination.
Profit maximization for the price taker (6/23/2006)
Generate marginal revenue curve (MR) from total revenue curve (TR) and marginal cost curve (MC) from total variable cost (TVC) and locate maximum profit output with MR and MC using Flash animation.
Generate marginal revenue curve (MR) from total revenue curve (TR) and marginal cost curve (MC) from total variable cost (TVC) and locate maximum profit output with MR and MC using Flash animation.
From production function to cost function (6/23/2006)
Derive the total variable cost from the total product curve using Flash animation.
Derive the total variable cost from the total product curve using Flash animation.
Generating combined production possibility curve (6/23/2006)
Explain comparative advantage and derive a combined production possibility curve (frontier) from two linear PPCs using Flash animation.
Explain comparative advantage and derive a combined production possibility curve (frontier) from two linear PPCs using Flash animation.
Profit maximization for single-pricing searcher (6/23/2006)
Compare profit-maximizing conditions using total revenue and total cost curves with those using marginal revenue and marginal cost curves for single-pricing searchers.
Compare profit-maximizing conditions using total revenue and total cost curves with those using marginal revenue and marginal cost curves for single-pricing searchers.
