Econowaugh AP

Total Profit = (P-ATC) x Q Profit for 1 unit = (P-ATC) x 1 TR = (P x Q)  Allocative Efficiency = (MC = D) or (P = MC) also called Socia...

Monopoly 8 - Price Discrimination Price Discrimination Monopoly - Video - Welker Price Discrimination -  exists when a producer ch...

Monopoly 7 - Lump-Sum & Per-Unit The AP exam will often ask you to correctly graph a monopoly firm's profits or loss and then eva...

Monopoly 6 Consumer/Producer Surplus & DWL Consumer/Producer Surplus Notice that where Allocative efficiency occurs Consumer Su...

Monopoly - 5 Max Revenue & the Socially Efficient Quantity Some times a monopoly firm may choose to produce where revenue is maxi...

Monopoly 4 - Break-even & Shut-down  Break-even A monopolist with its price exactly equal to its ATC, Notice the ATC is just kiss...