Presentation is loading. Please wait.

Presentation is loading. Please wait.

Michael Jordan and Market for Athletic Shoes Supply (Market) Perfect Competition Demand (Market) Each Firm Demand (Firm) Average Marginal.

Published by Modified over 9 years ago

Similar presentations

Presentation on theme: "Michael Jordan and Market for Athletic Shoes Supply (Market) Perfect Competition Demand (Market) Each Firm Demand (Firm) Average Marginal."— Presentation transcript:

1 Michael Jordan and Market for Athletic Shoes Supply (Market) Perfect Competition Demand (Market) Each Firm Demand (Firm) Average Marginal

2 Market Demand Michael Jordan and Market for Athletic Shoes Nike Other

3 Michael Jordan and Market for Athletic Shoes NikeOther

4 Michael Jordan and Market for Athletic Shoes NikeOther

5 Michael Jordan and Market for Athletic Shoes NikeOther

6 Michael Jordan and Market for Athletic Shoes NikeOther

7 Michael Jordan and Market for Athletic Shoes NikeOther

8 Michael Jordan and Market for Athletic Shoes NikeOther

9 Michael Jordan and Market for Athletic Shoes NikeOther

10 Michael Jordan and Market for Athletic Shoes NikeOther

11 Michael Jordan and Market for Athletic Shoes NikeOther

12 Michael Jordan and Market for Athletic Shoes NikeOther

13 Michael Jordan and Market for Athletic Shoes NikeOther

14 Michael Jordan and Market for Athletic Shoes NikeOther

15 Michael Jordan and Market for Athletic Shoes NikeOther

16 Michael Jordan and Market for Athletic Shoes NikeOther

17 Michael Jordan and Market for Athletic Shoes NikeOther

18 Michael Jordan and Market for Athletic Shoes NikeOther

19 Michael Jordan and Market for Athletic Shoes NikeOther

20 Michael Jordan and Market for Athletic Shoes NikeOther

Download ppt "Michael Jordan and Market for Athletic Shoes Supply (Market) Perfect Competition Demand (Market) Each Firm Demand (Firm) Average Marginal."

Similar presentations

Competition In Imperfect Markets. Profit Maximization By A Monopolist The monopolist must take account of the market demand curve: - the higher the price.

Competition In Imperfect Markets. Profit Maximization By A Monopolist The monopolist must take account of the market demand curve: - the higher the price.
Different Types of Market Structures

Different Types of Market Structures
10/22/20141 Firms in Competitive Markets Chapter 14.

10/22/20141 Firms in Competitive Markets Chapter 14.
Monopoly Demand Curve Chapter 15-2. The Demand Curve Facing a Monopoly Firm  In any market, the industry demand curve is downward- sloping. This is the.

Monopoly Demand Curve Chapter The Demand Curve Facing a Monopoly Firm  In any market, the industry demand curve is downward- sloping. This is the.
Chapter 5 Elasticity You are responsible for reading Chapter 4!!!

Chapter 5 Elasticity You are responsible for reading Chapter 4!!!
Three Competition Problems. Problem I Three firms. Cost functions are as shown. Demand is Q = 22.5 – 1.5P Compute P, Q.

Three Competition Problems. Problem I Three firms. Cost functions are as shown. Demand is Q = 22.5 – 1.5P Compute P, Q.
10.1 Suppose the daily demand curve for flounder at Cape May is given by QD = 1,600 – 600P where QD is demand in pounds per day and P is price per pound.

10.1 Suppose the daily demand curve for flounder at Cape May is given by QD = 1,600 – 600P where QD is demand in pounds per day and P is price per pound.
MBMC Copyright c 2004 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 6: Perfectly Competitive Supply Slide 1 Profit-Maximizing Firms in.

MBMC Copyright c 2004 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 6: Perfectly Competitive Supply Slide 1 Profit-Maximizing Firms in.
Possible Barriers to Entry “a market served by a single firm” 14 Monopoly.

Possible Barriers to Entry “a market served by a single firm” 14 Monopoly.
Chapter Twenty-Six Factor Markets. A Competitive Firm’s Input Demands u A purely competitive firm is a price- taker in its output and input markets. u.

Chapter Twenty-Six Factor Markets. A Competitive Firm’s Input Demands u A purely competitive firm is a price- taker in its output and input markets. u.
Principles of Microeconomics - Chapter 1

Principles of Microeconomics - Chapter 1
Firm Supply Demand Curve Facing Competitive Firm Supply Decision of a Competitive Firm Producer’s Surplus and Profits Long-Run.

Firm Supply Demand Curve Facing Competitive Firm Supply Decision of a Competitive Firm Producer’s Surplus and Profits Long-Run.
Introduction to Labor Markets Chapter 3: Short-run labor demand.

Introduction to Labor Markets Chapter 3: Short-run labor demand.
Lectures in Microeconomics-Charles W. Upton Solution to Three Competition Problems.

Lectures in Microeconomics-Charles W. Upton Solution to Three Competition Problems.
 relatively small economies of scale  many firms  product differentiation  close but not perfect substitutes  product characteristics, location, services.

 relatively small economies of scale  many firms  product differentiation  close but not perfect substitutes  product characteristics, location, services.
CHAPTER 11. PERFECT COMPETITION McGraw-Hill/IrwinCopyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved.

CHAPTER 11. PERFECT COMPETITION McGraw-Hill/IrwinCopyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved.
Which curve is the demand curve? –Curve 1 Which curve is the marginal revenue curve? –Curve 2 Why? –For a monopoly to sell more, they must decrease price,

Which curve is the demand curve? –Curve 1 Which curve is the marginal revenue curve? –Curve 2 Why? –For a monopoly to sell more, they must decrease price,
Agenda Collect HW Review/Overview Unions and Minimum Wage Stocks Research Reporting Former Students HW.

Agenda Collect HW Review/Overview Unions and Minimum Wage Stocks Research Reporting Former Students HW.
Types of Market Structures. Perfect Competition A market where perfect competition is subject only to the laws of supply and demand The number of firms.

Types of Market Structures. Perfect Competition A market where perfect competition is subject only to the laws of supply and demand The number of firms.
Long-Run Outcomes in Perfect Competition. 1.The Industry Supply Curve a.This is the relationship between the price and the total output of an industry.

Long-Run Outcomes in Perfect Competition. 1.The Industry Supply Curve a.This is the relationship between the price and the total output of an industry.

Similar presentations

Ads by Google