Pharmacist

a Purchase pharmacy
Capital
Expenses

Saving
Loan

$
$

20,000
80,000

Supplies
Hire Help
Rent
Utilities
Interest

$
$
$
$
$

80,000
40,000
10,000
5,000
8,000

Explicit Cost
Business Profit

200,000

$
$

143,000
57,000

42,000

15,000

Implicit Cost
Another Pharmacist
Interest from Saving

$
$

40,000
2,000

Economic Profit
b Revenue di Tahun ke 3
Economic Profit =0
$ 185,000
c FRICTIONAL THEORY OF PROFIT
d Sell at the end of 3rd years loss 50000 than the original value
yr1
15000
yr2
15000
yr3
-35000
$1,372.57

30,000

2a

=100000-100*C7+2000*D7+50*E7+30*F7-1000*G7+3*H7+40000*I7
jk Pc naik satu unit, maka Qc naik 100 unit
Jk N naik satu unit, maka Qc naik 2000 unit
jk I naik satu unit, maka Qc naik 50 unit

2b
Qc
900,000

2c

Qc

dollar
million
Pc
N
9,000 $
200 $

Pc
1800000.00 $
1500000.00 $
1200000.00 $
900000.00 $
600000.00 $
300000.00 $
0.00 $

I
10,000

$20,000

3,000
6,000
9,000
12,000
15,000
18,000

$18,000
$16,000
$14,000
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$0.00

500000.00

100000

11
Short
Price Elasticity
changes in price
changes in Q

Long
0.46
10%
-4.6%

1.89
10%
-18.9%

jk harga naik, deman akan turun, jika price naik 10% dengan elasticity 0.46, maka demand akan
Income Elasticity
0.5
0.5
changes in price
10%
10%
changes in Q
5.0%
5.0%
Income naik, demand naik, sehingga tandanya positif yaitu +5%
Cross price Elasticity
changes in price
changes in Q

-0.7
10%
-7.0%

-0.7
10%
-7.0%

dalam crossprice, negative adalah complement, sehingga jika crossprice naik, maka demand pa
jika barang complement, harga naik, demand dia pasti ikut turun
Jika barang substitusi, harga barang naik, maka demand barang kita pasti ikut naik
Nett Effect

-6.6%

-20.9%

Dengan perubahan itu secara jangka pendek demand akan turun hanya 6.6% sementara untuk
12
Ep
Ei
Exy
Sales This Year
Sales Next Year

2
change in steel price
1
increase income
1.5
change in alum price
(X = Steel , Y= Alumunium)
1,200
1,068

change in steel price that keep the sales number -- using solver : 0.5%
sales akan naik 1% jika dia tidak merubah harga, karena kapasitas pabrik terbatas untuk memai
delta P = delta Q / Ep
(Delta Q tanpa ada perubahan harga adalah Delta Qi ditambah delta
delta P = 1% / 2 = 1/2
to keep steel sales @1,200 tons --> using Goal Seek
Ep
2
change in steel price
Ei
1
increase income
Exy
1.5
change in alum price
(X = Steel , Y= Alumunium)
Sales This Year
Sales Next Year

1,200
1,200

Pf
8,000

Pg
80 $

A
200,000

Pi
1

Pc
Linear (Pc)

500000.00

1000000.00

1500000.00

2000000.00

Ep = Delta Q/ Delta P
Delta Q = Ep * Delta P

0.46, maka demand akan turun 4.6%, maka angkanya menjadi -4.6% dan -18.9%

e naik, maka demand pasti turun, sehingga angkanya negative => -7%

sti ikut naik

a 6.6% sementara untuk long run akan turun lebih banyak lagi 20.9% (declining demand)

6.0%
4%
-2%

delta Qp
delta Qi
delta xy

-12%
4%
-3%
-11%

ik terbatas untuk memaintain demand 1200 maka harga dinaikkan 1%

Delta Qi ditambah delta Qxy)

0.5%
4%
-2%

delta Qp
delta Qi
delta xy

-1%
4%
-3%
0%

COST PRODUCTION TABLE

Q
0
1
2
3
4
5

MC
0
20
10
21
37
62

AFC
0
30
15
10
7.5
6

AVC
0
20
15
17
22
30

ATC
0
50
30
27
29.5
36

FC
30
30
30
30
30
30

VC
0
20
30
51
88
150

TC
30
50
60
81
118
180

200
180
160
140
120

FC

100

VC

80

TC

60
40
20
0
0

70
60
50
MC

40

AFC
30

AVC
ATC

20
10
0
0.5

1.5

2.5

3.5

4.5

5.5

MC
AFC
AVC
ATC

Q
MC
AVC
TC
Price
TR
Phi

1
60
60
160
60
0
-160

2
39
49
138
60
60
-78

3
24
40
120
60
120
0

4
15
33
106
60
180
74

5
12
28
96
60
240
144

15
25
90
60
300
210

100
90
80
70
60
MC

50

AVC

40
30
20
10
0
0

10

10

7
24
24
88
60
360
272

8
39
25
90
60
420
330

9
60
28
96
60
480
384

10
87
33
106
60
540
434

6400
12800

MC
AVC

11
120
40
120
60
600
480

12
159
49
138
60
660
522

204
60
160
60
720
560

Joint Pharmacist :
Revenue

Expilicit Cost
Interest
Supplies
Hired Help
Rent
Utilities
Total

200,000.00

#REF!
80,000.00
40,000.00
10,000.00
5,000.00
#REF!

Overnight
Regular

Passengers
130
120

Revenue
26,000.00
24,000.00

FC
3,000.00
3,000.00

VC
23,200.00
22,000.00

TC
26,200.00
25,000.00

(200.00)
(1,000.00)