Discussion Post: Economics
• Show marginal cost, average cost, demand and marginal revenue for a monopolist earning zero economic profit. Be very clear about profit maximizing output.
• Show what happens to a monopolist's profits when the price of the fixed input, i.e., the rental rate, increases.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.