Microeconomics

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Cork-puppet workshop comic with one goose employer, mouse workers and a tortoise asking viewers to check the model before predicting minimum-wage effects.

Minimum Wage in Monopsony: Check Hiring Costs and Corners

See when a minimum wage can raise monopsony employment. Check the hiring-cost corner, work a complete model and try three original questions.

Cyanotype comic of a raccoon conductor hiring an otter musician while a coin ribbon reaches existing band members and an owl counts the whole payroll.

Monopsony MRC: Calculate Hiring Cost, Then Read the Wage

Calculate monopsony MRC from payroll changes. Separate wages from hiring cost, compare discrete and smooth models, and try three original questions.

Risograph forest labor fair contrasts many employers and duck workers with a penguin baker who takes the market wage as given and then chooses hiring.

Competitive Wage: Market Supply, Demand and One Firm’s Hiring

Embroidered felt comic of an armadillo unit detective multiplying output per worker by dollars per output while a gecko reminds readers to use the same period.

Marginal Revenue Product: Match Units Before Hiring

Ceramic mosaic comic of a tapir combining two firms’ quantities labeled 5 and 9 into a market total of 14 at the same wage, while a snail asks to be counted.

Market Factor Demand: Add Quantities, Separate Cost Effects

Carved wooden puppet theater with a walrus comparing added revenue and added cost, a stoat noting that a tie can be OK, and a sleepy hedgehog backstage.

MRP and MRC: Use the Marginal Hiring Rule

Two-color linocut comic of a frog potter comparing chosen output with minimum-ATC output while a newt points out the quantity comparison among differentiated mugs.

Excess Capacity: Zero Profit, Markup and Minimum ATC

Watercolor comic of a pelican barber and new porcupine stylists offering differentiated services, with a tortoise accountant checking all economic costs.

Entry and Economic Profit in Monopolistic Competition

Kiwi gelato seller and lemur accountant compare quantity, price and costs in an original comic illustration.

Short-Run Price and Output in Monopolistic Competition

Pangolin cartographer and ibex scout examine patchwork share islands, entry and rivalry in an original paper-collage comic.

Market Concentration and HHI: What the Numbers Show

Two otter students and a snowy owl compare individual and group profit in an original glowing chalk-pastel comic.

Why Cartels Are Unstable: Individual vs. Joint Profit

Fennec teacher and robot beetles use a two-by-two grid with A-first and B-second tokens in an original engraved comic.

How to Read a Payoff Matrix: Best Responses and Nash Equilibrium

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