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1. Show how monopolist makes supernormal profit using graph and explain it critically 2. Using a graph show equilibrium in goods market 3. Define isocost
1. Show how monopolist makes supernormal profit using graph and explain it critically
2. Using a graph show equilibrium in goods market
3. Define isocost line
4. Describe what isoquants are
5. Define cost curve
6. Explain the difference between the isoquants and isocost
7. Identify features of long-term investment
8. Show graphically when the consumer is indifferent
9. Define indifferent curve and show the equilibrium of consumer
10. Define and explain variable cost
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