= offen & coal Ge wr I Theo iain Dern —— Micro Economies ¢ fal tol fim — Poors Ecanaaich fadivnduel consumer Bemand - Esbnale G ver Hy inp ke dfjalf * B mninfoi : 2 peed) 1 falig 2 : al Tuy 24 eer es 7 pi : anaty 0, waffles 4, he - pie Re i ae a3 Gat ~ - 95, frcvirg fat > 9 hati cpia ng < fark 12, aghl hha + So people 3S Willrgnees # Fa Me Se Ls yon yon a NY oS Cy of palafl produc’ , homey ; shi | * ae : Pa cakes, &) = | 4 the \ asad rouentl Deg Gogh x wt, pelabiog . Oh ph Ov joe aot, A? p. ot Adin Bem Quen nly fam @ Scanned with OKEN ScannerExeseliny ° Stele gels (Ursin oa pat Giffen soodk Grfouies g pe 3 Al “far i. inassing) Wt 000 A Sgpeasace in abel oduct Gra 1ck om) pe Ff Refi! Frodach 7 copie ob by police Ce fe 1b oH) ike Prd a 1 Daat % Bete’ Ppl Pepe Patt Dew Plat Boe @ Scanned with OKEN Scannerhe -Linean Re yespon —? Lie - or, ple Pepesine > alle of Oot 8) i dadlk | Ela : , wom thd i | 3 cot call | ; ‘A change dlenand | fice Ela Te meio f mapomnens |g jp fe eles: FE dag in pou mil | | | Pouce a tn, Berne | ehh +1 dang, in Ba ¢ Proll | = 4% ~ A&xE | a & | “ @ Scanned with OKEN Scannerce Nethed Den Gas pene eae @ dp 8 (Enenhl Gon JF Ge meSicined ape Oa Lads eladic (Lunnion peted) @ Scanned with OKEN ScannerWy rane Sil | 4ncome clea iy 4 dead i the mesdurs. 4 cage in demand, due h change in docome ¢ Ha consun— change tn demand Income Clatiey, BE, = 7 cba ‘h dane ¢ Cathe bo = ott napa 7 ana ae ' i FS Cone Ebel Crow - clash i olemand 9h mrensitt- { pespenpivenels 1 charge in clemand dus. ange in pric Ty hoe x bef ate ty got (Compliertng i Subsfitat) | plea, su | | | - | me \ 0 /) / | : | Sa Si. Gece. | F Lf, £ x chorge m Qix Ae Cora chaely © = TT tah & Benmd e AR 8 @ Scanned with OKEN ScannerBy Ee = Pm A Oy Be » Benond_Torvenstny | mit the proce of bi peticlve aways fuateriood Teh ck baat Upabat culo arnt far a prada oy 6 gee soWUt — Bemmnd cothay vag Hoa beusmmess may etn informed soppy decisions the eafinale. the bid gales fe verte tov fhe powd 4 for Ababyss : cs Ht alles businenses TB epbise ined 4 predickng ia "ls ay wlgnty omlypig tuba sea Mob deren yors can make inarmed tusineyy obectsiond abet eves ag trredey sening and wane hrs, reeds So ert a) Ci paki bo mecbiy adem expelihin don is me tossed thoragh lay yineiey went capable { raed tHe sy lt mrkehng «spent production, 2h dtin & mere, Demnd out ae nty all nerr be Iax bat Here ane shas fe. cn the te impoore preduchen Sead finer , éncneabe prokorol fry » of Seve mma, Launch new producti, and provide a pelfr cusdomar expordeicn. Whe Demand @ Scanned with OKEN ScannerSmgeslance D frepariny 9 budyeh / > pean plaming. be healing ProSsschion = STexiny svendony = Delp « Foc Staley y \2 > od 07 Sn econ emacs pooludion Hee cnplind de ay as a tubines fas fo Soke decisions on om (a Commo, it sel an tn mach prolices on Faw mabe 6&7 fr apitl be Ae ue. I dn 7 revs or din mach ts will ; eh forsbip Hw Ha pret 4 Hg commodihes ne prelude phe enone tanel ara Hs. quanbie L Hes Canmodie? arol product po Mb are prolurd om HK ther td, : ? Spi o> bod fuden ¢ Boduclim es C Lonel = (nhbrwl tekanas) ~& CROP KO + a0 abr (HR) -» ceo, eFe, CxO a » Gopith = phy wath j\\o tabreorenean @ Scanned with OKEN Scanner3h cept = Sneome grotin asseh [amatth « coals Sheed suk = Oumen’s by + Lilies ell ach pol + 18h 2 esl a omens lal i Aewl 2 bol 4 ISL Peskin SHE ment : ee ye Cpa ttn in FP 1 Seanned ¢ 2 Leder J 3. traf Balance t Snoone 4 Pee Me ane v : eg % Ounews wl 5. galane thet W Lipuiclif + Fhe asst hich on be waly converted wd ame fk pa aid te be Louid, pill Payable BU Receivable 4 Comcorh gt bb pr) COnmmunt yet be received) Fee Suk if eet ahd @ Scanned with OKEN Scannerdeel. Expeded experdifine . a Westy cian cog) — COE CH) = Gl Asst veda Aut be > (My iy Eben: Brings JP fe poe 4 produ ke ay = les peik b ge pits gh 4 a ( cphnain. Fecewed Caspr) om Ut {fons shit “im feted toll Fred renible bbl 7 olay Toe 2, eae ‘ee fie spi Bam Eber? rel Ls @ Scanned with OKEN ScannerLos f Youth hapa (bm *) thd ex he yom Os by is increased athes jeboo contlad’, Ua bd proluck (TP) F on i enki sabes fi of a cab tle Sot production Wega he tao alles awhile kepny i vit kes decxrmead ake and tay al 4a other werels 4 me the fobs ty production riches rms youn oi ih rt fesping all the ihe, fobos cout, Ho rife Yo all te ise bh veyg which father ine lf Asin: ‘The thee eek cou ahh gy sd under the file sifishins + 5 ra samplin ags Ha He He sme she of tehrilgy given * the vhaliy Jamas dros, the technohyy gobi imprond y Hen the marginal praducl voy fue en tan Atminath.' ’ Wy other Leder ols demain fool Tris mens that Heke shold be ses ot iis qren tna ein lin heh thadd ne. inl sont te 60 op, ae atin We On ‘ He boas soeslirt wok fall he fetes aoa . . propritions @ Scanned with OKEN Scannersh foaiblly of toi the paposin lig, Ws appuraphin ays Tit the 0 on aby ok of How Ha tops for pyaton 4 fobs os fied i lw ight troll side Jretutts. S, Frokaction junetin Frolacon Pincten: pgs ip i h kava ‘ Han pac t nf tes exphins a ie ce apt Rt ub TehL froducd (sta. to bed) (Te) Following varies! valued f & cist vanabl inpol alg swith fined aneut ¢ tet 3 “ty git os the i. qi prolid. ab Aap Flac wn walt the: fb pel te Trot. h psc 24 P feck oa inp 5 ince werd es ral pr = TP TA. qo input @ Scanned with OKEN Scannerxy tage flat: (8) fix dovd shen the paw eps adit att of ip in voninble faclins hich joe mom thi tk ad Sake at whch the toh prducin nlbed « o B- Shyer of las _of toil Bopaties @ Scanned with OKEN ScannerShe L ; 7 fa. bled ee ab ee wit “g wi { ea we shy { ‘moti ad ab an indenting ie fot Zz Ha TP Cove iy There > 1 nig eigen Shye -L: to thes sige , the fo Al de ae Jusin ee a fs poy pole poh” meant fhe BTR cowe gases a Toa oeeiall, nfo He im Folch CHP) aly al Coa fet the I shye q the id porirkle Brpaiton plik i caked fe “My Pininiclih Refomed. Sige aT : ee he explymed 4 coin wilt ibang Be Dy pub Oo 7 5 fat indica T Hea 9 shige Negabe Retin Even » enpleying tid po ste Va i wu ly te ’ si I Tg a ig : a : the Xo dam and Me FF ve ad vie ig the Xeni. @ Scanned with OKEN Scannerwv # fet Fone ae Navy &% faye seh thd «Af the 3-aspealt Aebave all Ae Alga 1 the ow af veriebhe Papas y Mo pee tin thee tins are sabi) f ad, ofr, 1) When TP increce af an drones job He WP ph plao inverse. Heath af Hat cbye HP at mor He AP, 2) When TP ines Ga devwsing ale, He HP be AP chsh Bb LU. When HP bots lin aged al BP f fn jake, it ney e a tes ie When TP MP geet =e and AP consis 9 Aemoneg ie te Oe it fi MY @ Scanned with OKEN ScannerRainn do Sele boy a Anti ah) Mo ah oer ot Ph \ a) a sh te ft (Swe fut) idoget och ler t Teo iopuard ns lifouc Conver Ne fos Cowe- @ Scanned with OKEN ScannerReflan lo Seale Cy en) S Snersssin) gabon Lo sole = dnahind” san fo sole > Biishin ton 4A Reon & sale the rhe af hich oufoul tnckesdes 0 maps ake Increased. pperbiedely coat Halen % Sole axa shabm in which ed darhhsr ohen alll ints dees. ds aad Avsolt a the itahion mm ahi. uboP increases . ncn. funn, 10 “4 dbl when Insite we dabkd. mere, Kin the F Kdam salt ira sibabln m which ated Lea Me a, aden all input oe dulled. @ Scanned with OKEN Scannerye Cad ug — [) Emeric Cosh Pooky oat ai af B aol fae af 4s Explist Gal (Seen) 5) tapat cath (Hille) 2S. Aoanbyy at saad apne + dyn hf = bak ff onyined ends 5 Tamnel (cekt y obit) 3 “hen Grd seoent lige Shy how? elif He Deb He Finl Ble — oh A Profit Ie las Me att @ Scanned with OKEN Scannerages cok ix susie oll, spats Hot» fp ? hn ve a ax mot aren beak alferrabie US y Economic Gt is eat # # lai Comme Feolourcesg in prdudin incadeg pros cath. y at Gt J pov 7 Tet Cal Ms ot Yagil “esl ‘ Cott ot Pye * ed cof’ > Bebfor Perfemiy fodut {A fab, (te Eley le Sle Beacln. — shal bin bed a Bee posened shes Re Peasened Relbion ae Tek Tobl Gab (TC) —— TH Bice (TP) @ Scanned with OKEN ScannerFicoll Got + Vanidble Gal eh ca = bk lS = : . N (uo ) fac bk wats Clie rect ond) raph cot a 4) yo fod ot o oft & Areage Cot (a): Ay fred Cot + fy bik ob = Ay ot (4%) (ae) ws AD AEC = & a= Mg poe le @ Scanned with OKEN Scannerinn. pris ia bust aa AYE ig min. fot te ould: a) (ne A Se — on BD agin col — ATC MC = Tc, = TCnet Fetal a the ope 9 the ame TC ifs Ould @ Scanned with OKEN Scanner7 Game ia fine $5 the Ay. cat. Na HC thalde} increase . : Nc. gis the ophinur. producti fer tre gin pedeurced. @ Scanned with OKEN Scannerse : : + Use pel | ros fe J Hone Cligoghd Pero Boers Ch yr 4 Bee) Com far) Conpchion, «Sinle reps yldle r hep ede mE IS eage wo of bys) fege Hog | baypeh Ral n ben 2h pee ofiy yo kh Aaygef SAI shed demend ni Tks 7 : Cue 3) Fis ane a re Ae > Pfoerb G ae YS ix Price 8S No price eel ins «Pcice deschimi nation ss Homegeneaud Producl- |) Promotion . Laoganne Kile Remsboned Cat cath Hi | BS Rake Krol dpe @ scanned with OKEN ScannerSiggy Teves Sppy> Firms a Xx Puce: Price % a “e ra Boonhty Rerenne Henning > Hoakeh Gon Supply Gare Pag Wins, pag Jet pags cia he > distin, Shel > Gr iiaaiccias “sa Teleco Aermedinhe + Fined = a @ Scanned with OKEN ScannerNM See dea > Ide I Sncome Method (freona 4 frases = Honey ply thom = wr) ss “Enpentdow Need (Expensen by towel = nt) ah fhaducl Nelle (Aral ¢ proach tre 4 podad = 11) [ben fm all 3 mee dl dey the cone | tom Hd . gbe = Bae ate eh Expriln Hed, Comamphoe expenlilne () % Gohl Spain % Gorl Spondias. (@) - erat sat Y Copa ~ Bpoh) pei [Expos (20 @ Scanned with OKEN Scanneroh \ w Gross \olue Addi fim (Gv) Gives Vane AAsition hsm 1 =] Ginass Vise of eae Tt te avere =| gos i fy the fii) tl (93) Gi) AES y | YS Coa Gv = @- LZ = (uta) - 2 | | a: | oh vei | Nel Vole ade? = Gime ~ Byiodn (te fm | gt fom) = op @ Scanned with OKEN Scanneryop 2 Net Drone Botach [sr = Gp - x GNP = GDP ee : —| dee mins oa lamesic. ‘i 4 fade 4 fradudion| Papel on enpleges! om ech of hs the onl Y fe world, pi - dames ee Ley GNP = Gpp + wet Sreons. fiom obstead + NNP « Neb Nefionad Produch : Ec = GNP - Dpricln| NNP bey wt = reas = NWP ak = (finch - sits) @ Scanned with OKEN ScannerOO bat te a Persenel drcome ne —. Unlibaboted ft MN bined ae fro fe fe Personal Sncome = pea taal Same, = Nedowo! Income. (PD) — tndis Fibudedl pet = cnpoak Fox + Taner faye (Pensions) : pl ; Pexsonol Blaposrbhe dreams = (Pf - a - an ty, f (Me) GPP= P XR. = paomt 2a IS yy WO = OR. | Pes ie! a ire = [om Real GDP» Cost: Price y fe ge 8 x /vv = so @ Scanned with OKEN ScannerNominal GDP Gor Deis = Te G Gives he ter 4 @oP oth lie to info vordsdion Gor grea thald bk ce to goal in pb Capi) Gadesdi fen + aed ath il afin weath Hebel LULU € Timeline. gtk th n 2 1) 2 P(It?) p= A (eur) F 7 ( ne (+%)” et Fe a (osfod we re Jon (wih oot Cl) 3 2 Anu : Eel amwurd { ash inflad. @ Scanned with OKEN Scanneryk sy post Wah Nahe! |, ll fel i, Suettnedt Gpibl ribs wath adhd | Bele Sa Cialis few ake Carteut Asedt cose te cath in tand {os m Bonk Cong tev Lehibker | > Fixes bat = bond = Teal Rquipmer ~ pull in ~ Gordwl! > Company's mage in consumes 6 Cet Baan beng impask Apect i + Croner’s Gul tog meals 7) ith eae. [sl = [ol (st SL oF fol — belfr @ Scanned with OKEN ScannerA) es roe carvent™ Makin i Aeoct —~ Cabli ff Wo= te god We = -ve pa fe he ora, An invesboent proposal requahes an inital oufly Rs Yor, vo or on enpect crthiflas | q Alive pe gor tie Sheald Ha propel be aceepled 7 Ha. 4 descourl phi 9 BEL Sto P= Re You phe Ae & [ov = ae (ie ensyed (Wd ee ee [es (8) Py = Jaw e.. ja ne 0-06(1.06) 7 PY. 2B ILA 42 iB @ Scanned with OKEN ScannerFt, L AOR ae (L Quer oxi fon) Financiel Tanchin: Firancil Toni he fiero porcin coubiar sound He roroyomerd { ford rainy and ing hem. ac Dimensim jane mee) oe} ‘ Ov ; L A , an i ae fe hn ee AM. cat Cedi undan hich ay ean ehhh gp Heir offichn ue & ta forms emend a much breader Hon the near Vy Financia) Foecdtiy : \ rere IJ Sales Budget eta tap 4 Pro duchon 1 takch -4 ren bas : % Smnstinend 2s, Gh Suchah ey > Ral at ET al zpos epaslanal Alig — Fired Gadel Bs ‘ | 3 Dividend Ab e voing fg WS Bosraing Pali @ Scanned with OKEN Scanner