Monday, February 24, 2014

My explain-er on the the Monopolists Demand Curve, Total Revenue Curve, Elasticity and Marginal Revenue. Whew!!!

It any teacher or student of AP Microeconomics needs an explain-er on:

1. A Monopolists Demand Curve and the Total Revenue Curve
2. The Demand Curve and the Total Revenue Test for Elasticity
3. How Elasticity is represented along the Total Revenue Curve.
4. How the Marginal Revenue Curve is derived with emphasis on the importance of locating the REVENUE MAXIMIZING QUANTITY where MR = 0.

Probably some other stuff I forgot about. :)

If you review it PLEASE let me know of any errors.  I am my own worst proof reader. Also, any constructive criticism of the content is welcome as well.
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