𝑇𝑀𝑆 = 𝑈𝑀𝐴/𝑈𝑀𝑉

𝑈𝑀𝐴/𝑃𝐴 = 𝑈𝑀𝑉/𝑃𝑉
𝐸𝑓𝑒𝑖𝑡𝑜 𝑡𝑜𝑡𝑎𝑙 (𝐴1𝐴2) = 𝐸𝑓𝑒𝑖𝑡𝑜 𝑠𝑢𝑏𝑠𝑡𝑖𝑡𝑢𝑖çã𝑜 (𝐴1𝐸) + 𝐸𝑓𝑒𝑖𝑡𝑜 𝑟𝑒𝑛𝑑𝑎 (𝐸𝐴2)
 ∆𝑄/𝑄 𝑃 ∆𝑄
𝐸𝑃 = = ( )( )
∆𝑃/𝑃 𝑄 ∆𝑃
𝑞 = 𝐹(𝐾, 𝐿)
 𝑞
𝑃𝑀 =
𝑥

∆𝑞
𝑃𝑀𝑔 =
∆𝑋

•
𝑇𝑀𝑆𝑇 = −variação do insumo X /variação do insumo Y
= −∆𝑋/∆𝑌
(𝑃𝑀𝑔𝑋)/(𝑃𝑀𝑔𝑌) = – (𝛥𝑋/𝛥𝑌) = 𝑇𝑀𝑆𝑇
 𝐶𝑇 = 𝐶𝐹 + 𝐶𝑉

𝑪𝑴𝒈

𝐶𝑀𝑔 = 𝛥𝐶𝑉/𝛥𝑞 = 𝛥𝐶𝑇/𝛥𝑞

𝑪𝑻𝑴𝒆 𝐶𝑀𝑒

𝐶𝑇
𝐶𝑇𝑀𝑒 =
𝑞
 𝑪𝑭
𝑪𝑭𝑴𝒆 =
𝒒

𝐂𝐕
𝐂𝐕𝐌𝐞 =
𝐪
𝐂𝐮𝐬𝐭𝐨 𝐝𝐞 𝐮𝐬𝐨 𝐝𝐨 𝐜𝐚𝐩𝐢𝐭𝐚𝐥
= 𝐃𝐞𝐩𝐫𝐞𝐜𝐢𝐚çã𝐨 𝐞𝐜𝐨𝐧ô𝐦𝐢𝐜𝐚 + (𝐭𝐚𝐱𝐚 𝐝𝐞 𝐣𝐮𝐫𝐨𝐬)(𝐕𝐚𝐥𝐨𝐫 𝐝𝐨 𝐜𝐚𝐩𝐢𝐭𝐚𝐥)

𝒓=
𝐸𝐶 = (∆𝐶/∆𝑞)(𝐶/𝑞) = 𝐶𝑀𝑔 /𝐶𝑀𝑒
 𝐶(𝑞1 ) + 𝐶(𝑞2 ) − 𝐶(𝑞1 , 𝑞2 )
𝐺𝐸𝑆 =
𝐶(𝑞1 , 𝑞2 )
𝐶𝑀𝑔(𝑞) = 𝑅𝑀𝑔 = 𝑃
𝐸𝑠 = (𝛥𝑄/𝑄)/(𝛥𝑃/𝑃)

π
π

π
 𝐶𝑀𝑔
𝑃=
1
1 + (𝐸 )
𝑑
𝐿 = (𝑃 – 𝐶𝑀𝑔)/𝑃
 𝑅𝑀𝑔𝑃𝐿 = 𝑤

𝑅𝑀𝑔 = 𝑤/𝑃𝑀𝑔𝐿
𝐷𝑀𝑔 = 𝑅𝑀𝑔𝑃

𝐷𝑀𝑔 = 𝑤
𝑉𝑀𝑔 = 𝐷𝑀𝑔

𝐷𝑀𝑔 = 𝑅𝑀𝑔𝑃
 𝐴 𝐵
𝑇𝑀𝑆𝑋𝑌 = 𝑇𝑀𝑆𝑋𝑌

𝐴
𝑃𝑋 𝐵
𝑇𝑀𝑆𝑋𝑌 = = 𝑇𝑀𝑆𝑋𝑌
𝑃𝑌
 𝐴 𝐵
𝑇𝑀𝑆𝑇𝐿𝐾 = 𝑇𝑀𝑆𝑇𝐿𝐾

𝐴
𝑤 𝐵
𝑇𝑀𝑆𝑇𝐿𝐾 = = 𝑇𝑀𝑆𝑇𝐿𝐾
𝑟
𝑇𝑀𝑇𝑋𝑌 = 𝑇𝑀𝑆𝑋𝑌 (para todos os consumidores)

𝑃𝑋 = 𝐶𝑀𝑔𝑋 , 𝑃𝑌 = 𝐶𝑀𝑔𝑌

𝐶𝑀𝑔𝑋
𝑇𝑀𝑇𝑋𝑌 = = 𝑃𝑋 /𝑃𝑌
𝐶𝑀𝑔𝑌

𝑃𝑋
= 𝑇𝑀𝑆𝑋𝑌
𝑃𝑌

𝑇𝑀𝑆𝑋𝑌 = 𝑇𝑀𝑇𝑋𝑌
𝐶𝑀𝑔 𝑆 = 𝐶𝑀𝑔 + 𝐶𝑀𝑔 𝐸

𝐵𝑀𝑔 𝑆 = 𝐵𝑀𝑔 + 𝐵𝑀𝑔 𝐸