Assumptions
Pilihan konsumen
dalam pasar barang
• Tiga keputusan mendasar bagi Rumah Tangga:
1. Berapa banyak setiap produk diminta.
2. Berapa tenaga kerja yang ditawarkan.
3. Berapa banyak uang dibelanjakan hari ini dan berapa banyak
tabungan di masa datang.
5
continue
• KEPUASAN
• MARGINAL UTILITI
• Tambahan utility yang diperoleh akibat dari tambahan konsumsi unit
barang
13
14
bara Utilit MU
ng i
1 10
2 20 10
3 25 5
4 23 2
5 23 0
15
• MU = TU / Q
16
product yields
• Utility adalah kepuasan or reward, a
0 0 0
1 70 70
2 9 79
3 5 84
4 2 86
5 0 86
6 2- 84
20
Consumer Equilibrium
• We reach Consumer equilibrium condition as following:
• First condition:
• marginal utility of good X / price of good X
= marginal utility of good Y/ price of good Y
= Marginal utility for money
• Marginal utility for money = MU Y /P Y
= MU X / P X
23
MUX/MUY = PX/PY
24
Second condition:
• I = Qx * Px + Qy * Py
25
continue
continue
continue
cont.
Indifference Curves
• Skedul IC
B 3 7
Consumer Preferences
Market Basket Units of Food Units of Clothing
A 20 30
B 10 50
D 40 20
E 30 40
G 10 20
H 10 40
Quantity of y
Preferred to x*, y*
y*
?
Worse
than
x*, y* Quantity of x
x*
Consumer Preferences
Clothing The consumer prefers
(units per week) A to all combinations
50 B in the blue box, while
all those in the pink
box are preferred to A.
40 H E
A
30
D
20 G
10
Food
10 20 30 40 (units per week)
Consumer Preferences
Clothing Combination B,A, & D
(units per week) yield the same satisfaction
50 B •E is preferred to U1
•U1 is preferred to H & G
H
40 E
A
30
D
20 U1
G
10
Food
10 20 30 40 (units per week)
Consumer Preferences
Clothing
(units per week) Market basket A
is preferred to B.
Market basket B is
D preferred to D.
B A
U3
U2
U1
Food
(units per week)
Indifference Map
Clothing Indifference Curves
(units per week) U1 Cannot Cross
U2
•B is preferred to D
•A is indifferent to B & D
•B must be indifferent to D but
that can’t be if B is preferred to
D
A
B
D
Food
(units per week)
Appendix: Indifference Curves
• Consumers will choose the
combination of X and Y
that maximizes total
utility.
• Graphically, the consumer will
move along the budget
constraint until the highest
possible indifference curve is
reached.
• Consumer Equilibrium is
attained at the point where
the budget line is tangent to
the higher IC (B).
42
43
continue
Indifference Curves
continue
Indifference Curves
• The equilibrium will happen when the budget line touch the
highest indifference curve in the indifferent map.
• The two slopes are equals
49
50
52
The effect of changing prices
• The budget line will turn from one side
only depending on the change in price.
53
Consumer Surplus
• Consumer surplus is the
difference between the maximum
amount a person is willing to pay
for a good and its current market
price.
54
Consumer Surplus
• Some consumers are willing to
pay as much as $5 each for
hamburgers.
• Since the price is only $2.50, they
receive a consumer surplus of
$2.50.
55
56
Consumer Surplus
• Others are willing to pay
something less than $5.00 but
more than $2.50.
• Consumer surplus is the area
below the demand curve and
above the price level
57
58
Summary materi hari ini •
Cari dan jelaskan ciri2 IC •
59