Get a load of this economics question!? - Freemason Hirams Travels Masonic Forums

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04-07-2008, 07:44 AM

Nader G

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Get a load of this economics question!?

A) explain in words the relationship between the Marginal Revenue and the Demand curve for a monopolist (Also describe it as if it were on a graph as well)

B) explain in words the total profit of the monopolist firm (Also describe it as if it were on a graph as well)

C) Compare in words and on a graph the monopolist with the perfectly competitive industry.

THANKS SO MUCH

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