No better place to start than at the beginning.
Your third exam will be given on July 28.
So far we have discussed monopoly.
We have also discussed resource markets.
This included an extensive look at MRP, a discussion of using both capital and labor both in the cost minimizing manner and the profit maximizing manner. Cost min - hire K & L in such quantities that the ratios of marginal product to price are equal for each. Profit max - hire K & L in such quantities that the ratios of MRP to price are both equal to 1. We also began discussing labor markets.