Name : Dafik Aryanto

NIM : 7101419194
Class : PAP IUP 2019

1. a. Study for economics exam

When I choose study for economics exam, I’ll lossed my time to take a rest. It’s mean that
take a rest is the opportunity cost which it’s time used for study, so my time to take a rest is diminish.
b. Spend 2 hours for playing game
When I spend my time 2 hours to play game, so I’ll lossed my time to studying during 2
hours just to play game. And with play game during 2 hours, I’ll also need more long time to
understand a material.
c. Buy new car to change the old one
Buy other things that I need is the opportunity cost with buy new car to change the old one,
‘cause when I choose to buy new car I will wasted my money which should to buy something that
I need. Even though I’ve a car but I buy new again, it’s same like wasting my money.
2. a. Demand curve

5 JT- ……………….……
………………… -

4 JT - ……………….………….………
…….….…-

D1

Q
50 70
For example, if the price of laptop is Rp. 5000.000/unit so the interested person is 50 people. But, because
there is a increased access of technology and make the price of laptop fall, the price of laptop will be cheaper
be Rp. 4.000.000/unit and the interested person is 70 people. The curve will shift from down-left to up-
right.
 b. Supply Curve

P
S1

$ 56,70 - ……………….…….……………

………..….……..………-
$ 49,80 - ……………….……
…….….…-

Q
1,52 2,37

The curve is shift from down-right to up-left.

3. Draw a diagram
7,000
6,000 MARKET OF EGG
S
5,000
4,000
E
3,000
2,000
1,000
0 D
0 10 20 30 40 50 60 70

a. When the surgeon general warns that high-cholestrol foods cause heart attack, the people will
decrease their consume of egg. When the price of egg cheap, the people who consume the egg will
be up. But when the price of egg be more expensive, the consume egg will be down.
b. Look at the picture in (a). When the price of bacon, implementary product decrease will not impact
to the consume of egg. If the price of implementary product decrease, people will constant to
consume the egg and will not changed.
c. Look at the picture in (a). When the price of chicken feed increase, it’s will impact to the price of
egg. When the chicken feed increase, the breeder will controlling price be more expensive than
when the chicken feed decrease. ‘Cause if the price of egg increase, the people who interest to
consume the egg will be decrease. And also when the price of egg decrease, the people will prefer
choose the egg than the chicken.
4. Elasticity of demand
a. As the price of compacy discs increases from $8 to $10
- If the income is $10,000

ΔQ P
E= X
ΔP Q

E= 8 84
X
2 405
E=4
5
E = 0,8

- If the income is $12,000

ΔQ P
E= X
ΔP Q
E=5 84
2
X 5010

E=4
10
E = 0,4
b. Income elasticity of demand if the income increases from $10,000 to $12,000
- If the price $12

ΔQ I
ED = X
ΔI Q

ED = 6 X 10,0005
2,000 244
ED = 5
4
ED = 1,25
- If the price $16

ΔQ I
ED = X
ΔI Q

ED = 4 10,0005
2,000 82
ED = 5
2
ED = 2,5
 d. - Household budget constraint
I = $500 X
X Y 100 -
0 50
10 45
20 40
50 25 50 -……..……

…..…………………………… -
100 0 -
20 -……..………….…….

…..…………… -
……………….………….………
10 -……..……..………….….….

………… -
0 Y

-
25 40 45 50

- We take example that $250 for X and $250 for Y

$250 = 50 X
X
$250 = 25 Y
50 -

-
……………….………
Y
-

25

- New budget constraint when the household income is $1,000

X
I = $1,000
X Y 200 -
0 100
50 75
100 50
200 0
-
100 -……….…..
.
………..…….…….….…-

50 -……..………..…..….
..…….….….-

……………….………….………

0
Y
-

50 75 100