Thus, if public pressure sets the effective limit to the price that the industry may charge, this pressure is itself a function of the wage rate.

Thus the price of wheat had fallen.

Thus, Hayek put the price mechanism on the same level as, for example, language.

Thus the total revenue curve for a competitive company is a ray with a slope equal to the market price.

Thus for each unit the seller tries to set the price equal to the consumer ’ s reservation price.

Thus the price discrimination promotes efficiency.

Thus nowadays the dominant intuitive idea of the conditions justifying price taking and thus rendering a market perfectly competitive is an amalgam of several different notions, not all present, nor given equal weight, in all treatments.

Thus other people pay the price of water pollution, while the private firms ' profits are not redistributed to the local population victim of this pollution.

Thus environmental groups may purchase and retire emission permits and hence drive up the price of the remaining permits according to the law of demand.

Thus, by charging a higher per unit price and a lower lump-sum fee, the firm has generated area E more profit than if it had charged a lower per-unit price and a higher lump-sum fee.

Thus, an equation determining the price inflation rate ( gP ) is:

Thus, the supplier sets a lower price for that consumer because the student or senior has a more elastic Price elasticity of demand ( see the discussion of Price elasticity of demand as it applies to revenues from the first degree price discrimination, above ).

Note that the right-hand side of the equation is also the price of buying a forward contract on the stock with delivery price K. Thus one way to read the equation is that a portfolio that is long a call and short a put is the same as being long a forward.

Thus given no arbitrage opportunities, the above relationship ( put-call parity ) holds, and for any three prices of the call, put, bond and stock one can compute the implied price of the fourth.

Thus, for instance, for call warrants, if the stock price is below the strike price, the warrant has no intrinsic value ( only time value — to be explained shortly ).

Thus it can be argued that the most basic and general definition of price is that expressed in money, and that the exchange ratio between two goods is simply derived from the two individual prices.

Thus, if we took the final price of a good ( the cost to the final consumer ) and analysed the cost structure of that good, we might find that, over a period of time, the direct producers get less income and intermediaries between producers and consumers ( traders ) get more income from it.

Thus the price of the finished product bears no resemblance to the costs of production, since the two represent market conditions at very different points in time.

Thus, there is freshness not only in the individual movements of the dance but in the shape of their continuity as well.

Thus jazz is transmuted into something holy, the sacred road to integration of being.

Thus the fictional detective is much more than a simple businessman.

Thus the cocktail party would appear to be the ideal system, but there is one weakness.

Thus in both types attention is focused on the community itself, and its phenomenological life.

Thus, it is no mystical intuition, but an analyzable conception to say that man and his tradition can `` fall out of existence ''.

Thus human perception and human volition is the immanent cause of all social change and this most truly when the change reaches the civilizational level.

Thus, circular motion is itself one of the essential characteristics of completely perfect celestial existence.

Thus, in no ordinary sense of ' simplicity ' is the Ptolemaic theory simpler than the Copernican.

Thus Burns's `` My love is like a red, red rose '' and Hopkins' `` The thunder-purple sea-beach, plumed purple of Thunder '' although clearly intelligible in content, hardly present ideas of the sort with which we are here concerned.

Thus science is the savior of mankind, and in this respect Childhood's End only blueprints in greater detail the vision of the future which, though not always so directly stated, has nevertheless been present in the minds of most science-fiction writers.

Thus the copywriter in the world of the space merchants is the person who in earlier ages might have been a lyric poet, the person `` capable of putting together words that stir and move and sing ''.

Thus there is a clearer division of authority, administrative and legislative.

Thus, as a development program is being launched, commitments and obligations must be entered into in a given year which may exceed by twofold or threefold the expenditures to be made in that year.

Thus, the need for the B-70 as a strategic weapon system is doubtful.

Thus technical efficiency is achieved at the expense of actual experience.

Thus, there is an added incentive to stay on the job.

Thus, the Span of its ossification was shortened and the center's ability to `` catch up '' in ossification is demonstrated.

Thus T is not diagonalizable.

Thus Af is divisible by the minimal polynomial P of T, i.e., Af divides Af.

Thus, the study of the solutions to the equation Af is reduced to the study of the space of solutions of a differential equation of the form Af.

Thus in the three-dice example Af, Af, and the independence assumption imply that the probability that the three dice fall ace, not-ace, ace in that order is Af.

Thus we do not score the number of bull's-eyes, and the random variable is not the number of successes.

Thus if E is sufficiently small, there can be only one intersection of C and Af near Q, for if there were more than one intersection for every E then the difference between C and Af near Q would not be a monotone function.

Thus Af is also continuous at Af, and in a neighborhood of Af which does not contain a tangent point.