Ultimate IB Economics HL Formula Booklet Repack: The Guide to Acing Your Quantitative Exams
: Area below the price and above the supply curve: Social/Community Surplus : 2. Macroeconomics (Unit 3) ib economics hl formula booklet repack
Marginal Propensity to Save (MPS)=ΔSΔYMarginal Propensity to Save (MPS) equals the fraction with numerator cap delta cap S and denominator cap delta cap Y end-fraction Ultimate IB Economics HL Formula Booklet Repack: The
ΔTCΔQthe fraction with numerator cap delta TC and denominator cap delta cap Q end-fraction Profit Maximisation Rule: Revenue Maximisation Rule: Allocative Efficiency: Productive Efficiency: Section 2: Macroeconomics (Unit 3) ib economics hl formula booklet repack
Read from the demand curve at the world price + tariff.
The tax reduces supply, shifting the curve vertically upward by the amount of Government Tax Revenue: