190 likes | 342 Views
Alma garret of Deadwood. laudanum. Table 1. Price & Quantity of Opium in the Dutch East Indies, 1923-1940. Source: Chandra , Siddharth , EH.net, 2/5/2010, http://eh.net/encyclopedia/article/chandra.opium. Figure 1. Price & Quantity of Opium in the Dutch East Indies, 1923-1940. Price
E N D
Alma garret of Deadwood laudanum
Table 1. Price & Quantity of Opium in the Dutch East Indies, 1923-1940 Source: Chandra , Siddharth, EH.net, 2/5/2010, http://eh.net/encyclopedia/article/chandra.opium
Figure 1. Price & Quantity of Opium in the Dutch East Indies, 1923-1940 Price (Guilders per kg) Quantity (thousands of kg) Price
West Indies Market for Opium under the Dutch Monopoly (DM), 1928 Price (Guilders per kilogram) Observed Data PDM QDM Quantity (thousands of kilograms per year)
West Indies Market for Opium under the Dutch Monopoly (DM), 1928 Price (Guilders per kilogram) Inverse demand function PDM D QDM Quantity (thousands of kilograms per year)
West Indies Market for Opium under the Dutch Monopoly (DM), 1928 Price (Guilders per kilogram) What happens to total revenue if the DM lowers price from 700 to 600 Guilders per kilogram? P1 P2 D Q1 Q2 Quantity (thousands of kilograms per year)
West Indies Market for Opium under the Dutch Monopoly (DM), 1928 Price (Guilders per kilogram) What happens to total revenue if the DM lowers price from 700 to 600 Guilders per kilogram? P1 P2 D Q1 Q2 Quantity (thousands of kilograms per year)
West Indies Market for Opium under the Dutch Monopoly (DM), 1928 Price (Guilders per kilogram) P1 P2 MR D Q1 Q2 Quantity (thousands of kilograms per year)
Suppose the fixed costs associated with this factory were 6 million Guiders per year.
Dutch Indies Market for Opium, 1928 Price (Guilders per kilogram) Quantity (thousands of kilograms per year)
Dutch Indies Market for Opium, 1928 Price (Guilders per kilogram) Quantity (thousands of kilograms per year)
Market for HPV Vaccine, 2010 Price ($ per vaccine) If doctor rec HPV Vaccine Current Situation A B If doctor rec HPV Vaccine Sample of 14-17 year old girls Zero price & C 1872 2485 3074 Quantity Source: National Health Interview Survey, 2010
Market for HPV Vaccine, 2010 Price ($ per vaccine) D If doctor rec HPV Vaccine Current Situation A B If doctor rec HPV Vaccine Sample of 14-17 year old girls Zero price & C 1872 2485 3074 Quantity Source: National Health Interview Survey, 2010