# Need an argumentative essay on Microeconomics as a Branch of Economics. Needs to be 3 pages. Please no plagiarism.The graph shows the relationship between the three situations above, Where MR=Margina

Need an argumentative essay on Microeconomics as a Branch of Economics. Needs to be 3 pages. Please no plagiarism.

The graph shows the relationship between the three situations above, Where MR=Marginal Revenue, AR=Average Revenue, and MC=Marginal Cost. The output is represented by Q while price by P. A monopoly may want to reduce output from Q1=17.5units to Q3=25units so that he can sell at a higher price P3=\$35 (Asian Development Bank, 2002). However, economies of scale may occur leading to a shift in marginal cost from MC1 to MC2 (Pirayoff, 2004).This shift may lead to an increase in monopolist output from Q1=17.5 Units to Q2=40 units. This may lead to a decrease in price from a competitive price to a lower price P2=\$30 despite the availability of a monopoly price =\$35 (Brakman and Heijdra, 2004).

The reasons why there is no supply curve for a monopoly is because, in a monopoly market structure, the market is under the control of a single supplier, hence no need for supply curve (Dwivedi, 2006).

(b)A gardener states that for only \$1 in seeds, she has been able to grow over \$20 produce-enormous profits. Do you agree or disagree with her/ explain? Yes, I agree with her because if she was operating in a monopolistic competition, it is possible to earn enormous profits in the short run as shown in the diagram. The graph shows the relationship between the three situations above, Where MR=Marginal Revenue, AR=Average Revenue, and MC=Marginal Cost. The output is represented by Q while price by P.&nbsp. A monopoly may want to reduce output from Q1=17.5units to Q3=25units so that he can sell at a higher price P3=\$35 (Asian Development Bank, 2002). However, economies of scale may occur leading to a shift in marginal cost from MC1 to MC2 (Pirayoff, 2004).This shift may lead to an increase in monopolist output from Q1=17.5 Units to Q2=40 units. This may lead to a decrease in price from a competitive price to a lower price P2=\$30 despite the availability of a monopoly price =\$35 (Brakman and Heijdra, 2004).The reasons why there is no supply curve for a monopoly is because, in a monopoly market structure, the market is under the control of a single supplier, hence no need for supply curve (Dwivedi, 2006).

Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)
##### Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.