And I'll do one more scenario, here.

Well, which scenario is more likely?

Zero rabbits, 300 berries. That's right over there.

At 2 we would supply 2000 pounds.

That gets us right about there.

Why?

Let's see how much money is being burned.

This is the scenario heads, tails.

You got a tail, then you got a heads.

So we'll call that scenario B.

So we're gonna have multiple scenarios here.

Let's think about how much money we can make in different scenarios.

It will shift the demand curve to the left.

So at 1 we would supply 1000 pounds

little bit messy.

So that was scenario one.

This is scenario two.

And because we must all work to finish this story.

So the owners of the company own all 1 million, if you believe that this is really worth 1 million.

ALL ELSE EQUAL.

Because if we draw a line

Scenario B, 4 rabbits, 100 berries. That's right over there.

Scenario A, 5 rabbits, 0 berries.

So that is right around there.

So, let's think about all of the scenarios.

So a scenario...

It's the same word, essentially, other things . And paribus, equal .

Race scenario drawing tool

That's about right.

This is 2500 pounds gets us right over here.

So that is 4.

This column I put my quantity demanded.

You don't have to just jump from 4 rabbits to 5 rabbits, or maybe, you know, you are spending, maybe in this scenario, you're spending 7 hours, and in this scenario you spend 8 hours, but you could spend 7 hours and a minute or 7 hours and a second, so anything in between is possible, and all of those possibilities are on this curve.

I'm going to do two more scenarios.

Another way of thinking about it is each of these scenarios this is a scenario heads, heads because you got a heads and then a heads.

And I'll do one more scenario.

That looks like 25,000 right in between. That's close enough.

So that would be something like that.

So, let's say, I raise the price to 2.

Or what is this investment worth to me at that point?

What we cannot do is something that's beyond this.

We are right over there. That is scenario A.

If I told you I had an investment where I could make 50 a year on your money, you'd say here's my money, here's a check.

Is one of us supposed to be a dog in this scenario?

So let's say scenario F. Let's call these scenarios.