Consumer Equilibrium:
The consumer equilibrium is achieved when:
MUX/PX = MUY/PY
QX * PX + QY * PY = Y
When:
MUX: marginal utility for (x) good.
MUY: marginal utility for (y) good.
PX: (x) price
PY: (y) price
QX: (x) quantity
QY: (y) quantity
Y: income
Example:
When px = 5000 and py = 10000 and y = 45000 ID find consumer equilibrium?
x y
Q TU MU MU/PX Q TU MU MU/PY
1 40 1 50
2 75 2 90
3 105 3 120
4 130 4 140
5 150 5 155
6 165 6 165
7 175 7 170
8 180 8 170
x y
Q TU MU MU/PX Q TU MU MU/PY
1 40 40 1 50 50
2 75 35 2 90 40
3 105 30 3 120 30
4 130 25 4 140 20
5 150 20 5 155 15
6 165 15 6 165 10
7 175 10 7 170 5
8 180 5 8 170 0
x y
Q TU MU MU/PX Q TU MU MU/PY
1 40 40 8 1 50 50 5
2 75 35 7 2 90 40 4
3 105 30 6 3 120 30 3
4 130 25 5 4 140 20 2
5 150 20 4 5 155 15 1.5
6 165 15 3 6 165 10 1
7 175 10 5 7 170 5 0.5
8 180 5 1 8 170 0 0
x y
Q TU MU MU/PX Q TU MU MU/PY
1 40 40 8 1 50 50 5
2 75 35 7 2 90 40 4
3 105 30 6 3 120 30 3
4 130 25 5 4 140 20 2
5 150 20 4 5 155 15 1.5
6 165 15 3 6 165 10 1
7 175 10 5 7 170 5 0.5
8 180 5 1 8 170 0 0
Questions:
1. Give the consumer surplus definition?
2. What is The consumer surplus uses?
3. Draw graphic explain consumer surplus?
4. Writ the equation of Estimates the change in consumer surplus?
5. When px = 3 and py = 5 and y = 32 ID find consumer equilibrium as table below?
Q 1 2 3 4 5
TUX 12 22 29 32 32
TUY 20 35 45 50 50
6. Translate the following paragraph:-
Consumer Industries
Consumer industries companies are manufacture goods that affect nearly every part of our daily lives—everything from clothing and shoes to home uses and cell phones. These products are routed through sell channels to reach the end consumer. Consumer industries consists of several different business parts, including consumer packaged goods; consumer electronics and durables; soft goods; and telecommunications service suppliers. Each business part within consumer industries is faced with similar yet distinct business challenges. There are similarities in the consumers that purchase these products, and these parts require a similar set of strategies to address them such as product innovation, fashion, and pricing strategies, as well as product and service packages. Differences arise from the way in which the completing of these strategies ties to the channel, competition, execution, and completion.
المادة المعروضة اعلاه هي مدخل الى المحاضرة المرفوعة بواسطة استاذ(ة) المادة . وقد تبدو لك غير متكاملة . حيث يضع استاذ المادة في بعض الاحيان فقط الجزء الاول من المحاضرة من اجل الاطلاع على ما ستقوم بتحميله لاحقا . في نظام التعليم الالكتروني نوفر هذه الخدمة لكي نبقيك على اطلاع حول محتوى الملف الذي ستقوم بتحميله .
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