Microeconomics Graphs

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Presentation transcript:

Microeconomics Graphs AP Economics Mr. Bordelon

Perfectly (In)elastic Demand

Elastic Demand

Inelastic Demand

Unit Elastic Demand

Total Revenue and Elasticity

Elasticity Range on Demand Curve

Perfectly (In)elastic Supply

Consumer Surplus

Changes in Consumer Surplus

Producer Surplus

Changes in Producer Surplus

Total Surplus

Excise Tax on Suppliers

Excise Tax on Consumers

Wedge and Tax Revenue

Deadweight Loss

Changes in Total Surplus w/Excise Tax

Tax Incidence on Consumers

Tax Incidence on Suppliers

Utility Function and Utility Curve

Budget Line

Optimal Consumption Bundle

MU/$ Graph

Profit-Maximization Rule

Total Product Curve

MPL Curve

Total Cost Curve

Total Cost and MC Curves

Average Total Cost Curve

MC, ATC, AVC and AFC Curves

Realistic Cost Curves

Long-Run Average Total Cost Curve

Perfect Competition in Long Run

Profit in Perfect Competition

Loss in Perfect Competition

Shutdown Price

Industry Curves in Perfect Competition

Perfect Competition in Long Run

Quantity and Price Effect, Total Revenue

Monopoly where MC = ATC

Realistic Monopoly Graph

Total Surplus in Perfect Competition and Monopoly

Natural Monopoly

Perfect Price Discrimination

Price Discrimination with Two Prices

Price Discrimination with Three Prices

Monopolistic Competition in Short Run

Entry and Exit of Firms in Monopolistic Competition

Long-Run Equilibrium in Monopolistic Competition

Perfect and Monopolistic Competition in Long Run

Value of Marginal Product Curve

Changes in Derived Demand

Equilibrium for Land and Capital

Individual Labor Supply Curve

Equilibrium in Labor Market (Perfect Competition)

Demand Curve in Imperfect Competition (MRPL)

Labor Supply in Perfect Competition

Labor Supply in Imperfect Competition

Equilibrium in Labor Market (Imperfect Competition)

MSC/MSB Graph

MSC/MSB Graph (Detail)

Environmental Standards vs. Emissions Taxes/Permits

Positive Externality

Negative Externality

Negative Externality and Common Resource