1. Lectures in Microeconomics-Charles W. Upton The Monopolist’s Demand Curve

2. Want to develop some key propositions about the demand curve

3. The Monopolist’s Demand Curve Want to develop some key propositions about the demand curve Many of these center on elasticities

4. The Monopolist’s Demand Curve Want to develop some key propositions about the demand curve Many of these center on elasticities Then some applications

5. The Monopolist’s Demand Curve Marginal Revenue and Elasticity Recall our definition of point elasticity

6. The Monopolist’s Demand Curve Marginal Revenue and Elasticity Recall our definition of point elasticity In the case of a linear demand function Q = a – bP

7. The Monopolist’s Demand Curve Marginal Revenue and Elasticity Recall our definition of point elasticity In the case of a linear demand function Q = a – bP Slope = -b

8. The Monopolist’s Demand Curve Marginal Revenue and Elasticity A more general definition

9. The Monopolist’s Demand Curve Restating the Elasticity

10. The Monopolist’s Demand Curve Restating the Elasticity

11. The Monopolist’s Demand Curve Restating the Elasticity

12. The Monopolist’s Demand Curve Restating the Elasticity

13. The Monopolist’s Demand Curve Marginal Revenue and Elasticity The Monopolist cares about MR. There is a relation between MR and elasticity. R = PQ

14. The Monopolist’s Demand Curve Marginal Revenue and Elasticity The Monopolist cares about MR. There is a relation between MR and elasticity. R = PQ

15. The Monopolist’s Demand Curve Marginal Revenue and Elasticity The Monopolist cares about MR. There is a relation between MR and elasticity. R = PQ

16. The Monopolist’s Demand Curve Marginal Revenue and Elasticity

17. The Monopolist’s Demand Curve Marginal Revenue and Elasticity

18. The Monopolist’s Demand Curve Marginal Revenue and Elasticity

19. The Monopolist’s Demand Curve Marginal Revenue and Elasticity

20. The Monopolist’s Demand Curve First Elasticity Relation

21. The Monopolist’s Demand Curve Second Elasticity Relation

22. The Monopolist’s Demand Curve Second Elasticity Relation

23. The Monopolist’s Demand Curve Second Elasticity Relation

24. The Monopolist’s Demand Curve Second Elasticity Relation

25. The Monopolist’s Demand Curve Second Elasticity Relation

26. The Monopolist’s Demand Curve Third Elasticity Relation

27. The Monopolist’s Demand Curve Third Elasticity Relation

28. The Monopolist’s Demand Curve Third Elasticity Relation

29. The Monopolist’s Demand Curve Third Elasticity Relation

30. The Monopolist’s Demand Curve Third Elasticity Relation

31. The Monopolist’s Demand Curve A Summary

32. The Monopolist’s Demand Curve End ©2004 Charles W. Upton