Re: Daily question
Posted by ankita on Mar 30, 2009; 10:22am
URL: http://discussion-forum.276.s1.nabble.com/Daily-question-tp2328964p2556515.html
for this monopolist the mr curve is the x axis as the mr is 0 that implies that the change in output has no effect on tr.. also the elasticity is 1.. total revenus is 1.. p=1/q and q=1/p as pq=1....