legalizing marijuana - 1044 Words

Legalization of Marijuana Cannabis sativa or marijuana, is most known for its euphoric psychological effects when consumed. Many Canadians take part in the use of marijuana which has been illegal in Canada since the early 1900s. The topic of marijuana legalization in Canada has been a highly controversial topic over the last century. It has been discussed recently in the news due to Washington and Colorado both voting to legalize marijuana in November of 2012. The Liberal and Conservative parties both have highly conflicting views on this topic, and many Canadians’ have the misconception that marijuana is a bad ‘gateway’ drug. Marijuana should be legalized in Canada because tax revenue profits will boost Canada’s economy, save millions of†¦show more content†¦The application process is very gruelling, time consuming, and many applicants are not approved. Two researchers of the University of Toronto did a study in which they investigated the reasons that people self medicate with marijuana, without it being legal for them to do so as a physician has not prescribed its use. â€Å"Compassion clubs outside the law play a vital role in the provision of safe access and therapeutic knowledge about medical marijuana† (Hathaway Rossiter, 2007, p. 283). The authors investigate these clubs and the members’ experiences, and present the idea that compassion clubs are working illegally, but are providing social justice to people at need. Many people claim that marijuana is addictive and dangerous. In all of the research findings, there is not a single report of someone dying of a marijuana overdose. Many people self medicate with marijuana as it has a wide range of medical benefits. Some people use cannabis to help with ADD, Alzheimer’s disease, arthritis, depression, fibromyalgia, multiple sclerosis, Parkinson’s disease, migraines, etc. (Lucas, P. 2012). Legalization would increase access to marijuana health information, and could pr ovide safer regulation of the plant. The legalization of marijuana has been an issue for over a generation, and the debate continues to thrive today. Marijuana has been around for centuries and, although some people are against marijuana use, many argue the cannabis plant is extremely beneficial. We asShow MoreRelatedLegalizing Marijuana2983 Words   |  12 PagesDecember 3, 2012 The topic of marijuana has been a big topic for the past few years. The United States considers marijuana as a drug, in some other countries they say it is a natural herb that is grown from the ground. The issue at hand is â€Å"should marijuana be legalized?† the congress of the US stay in a constant debate on this subject. Why is the subject of marijuana such in high demand, if the US already considers it a drug? There are many facts that need to be looked at before a finalRead MoreReasons for Legalizing Marijuana841 Words   |  4 Pagesï » ¿ Reasons for Legalizing Marijuana Abstract Marijuana can be used by the public for many purposes. Medicine is an important part of our lives and marijuana has been tested to cure cancerous cells as well as help people with their epilepsy. Using marijuana for medical purposes is one major aspect that people should take into consideration for legalizing it. Marijuana’s market has also been brought to many people’s attention because it has been poised to grow faster thanRead MoreThe Battle Of Legalizing Marijuana1289 Words   |  6 Pages Jake Mincher Mrs. Hasty English 1, 1st Hour 4/20/17 The Battle to Legalize Marijuana in the United States The United States is splitting up into two sides with the date of 4/20 coming closer with one wanting the legalization of the plant substance and the other opposing it. According to the United Nations, 158.8 million people around the world use marijuana—more than 3.8% of the planet’s population. Marijuana was legalized on the 20th of April in Colorado in 2014. It has been legalized in variousRead MoreThe Issue Of Legalizing Marijuana1324 Words   |  6 PagesDoes it really come to morality after all? The decision to legalize marijuana has been subject for debate since first introduced in 1969; many arguing the fact that we are sitting on an industry worth an estimated 113 billion dollars. For once we have an opportunity to make a real impact in our economy. We have an aid on â€Å"the war on drugs†. But are we then showing our children that legalizing drugs is really the answer to our problems or does only the big picture mater in the end? Will this bringRead M oreThe Issue Of Legalizing Marijuana1821 Words   |  8 PagesThe issue of Legalizing marijuana is a very controversial topic of modern times. The use of marijuana is all over the media with celebrities doing it and young people in on the craze. Marijuana is the world’s oldest illegal drug, not only that, it is also the drug that is most widely used among society today (Aanstoos, 2015). Different types of people use this drug for a variety of reasons, such as, as a way to disconnect from todays hectic world, something they are peer pressured into, or even medicalRead MoreBoth Sides of Legalizing Marijuana1316 Words   |  5 Pagesof us know, marijuana has been legalized in Washington and Colorado for recreational use. According to polls and predictions, Oregon may be one of the up and coming states to legalize it next. But here comes to question, Should marijuana be legalized? Why or why not? There are many pros and cons to this situation, and they all affect not just our s tate but our country as a whole. That is exactly why I chose this topic. Since middle school, there has been talk about whether marijuana should be legalizedRead MoreLegalizing Marijuana For Recreational Use926 Words   |  4 PagesLegalizing Marijuana in Texas for Recreational Use The well known debate over the legalization of marijuana for recreational use in The United States has been ongoing since 1935. Recently Colorado and Washington have legalized the use of marijuana for recreational use. By doing so, the legalization of the recreational use of marijuana has become more of an issue than it already was and now brings other states to question whether or not they should legalize marijuana (Breecher). Which brings aboutRead MoreThe Debate over Legalizing Marijuana967 Words   |  4 PagesMarijuana is a drug which is used for recreational purposes as well as medicinal purposes. However, the medicinal use of marijuana has only been suggested in the recent years because previously it was just a drug which used to be exploited by the teenagers, adults and others for their own personal purposes. Many people get arrested for illegal possession of marijuana because it is still illegal to have marijuana despite the ongoing debate of making it legal. There are many people who are againstRead MorePositives and Negatives of Legalizing Marijuana1886 Words   |  8 PagesI have always been against the use of all illegal drugs including marijuana, but while researching this topic, I have learned a lot about some of the positives of legalizing marijuana use. Considering it is classified as an illegal controlled substance, I have always been under the assumption that marijuana was bad for people, no matter what my friends may have said about how good it was. I was peer pressured into trying it when I was fourteen. I knew right away that it was not for me. It madeRead MoreLegalizing Marijuana For Open Recreational Use1261 Words   |  6 Pagesand use of marijuana for medicinal and/or recreational use. While hotly debated on both sides, one of the more ironic factors regarding the issue of legalization is that it was found to be perhaps the most logically and fairly debated topics of the state’s recent mid-term elections. T he facts of legalization are becoming more black and white and less about morality, which may be a testament to why 24 U.S. states and the District of Columbia have enacted laws legalizing medicinal marijuana. Of those

Battle Royale Analysis - 1208 Words

â€Å"Battle Royal†: Close Read Analysis and Explanation Ralph Ellison’s â€Å"Battle Royale†, is a thought provoking short story that puts a creative twist on the perspectives of racial inequality victims through a clever use of symbolism, setting it apart from any other story of its subject. What’s particularly unique about this story is it can easily be interpreted in a literal sense, in which case the story reads as a compelling experience of a man who struggles to find his identity in a world corrupt with prejudice. However, readers should recognize that this story is fictional so they can begin to identify the symbolism throughout the text that makes this story extraordinary. Although it can easily be assumed that this story focuses†¦show more content†¦Such contrast is meant to reflect the main character’s strong desire to be part of the American dream, but also a hatred and frustration for the fact that he can never achieve such a standard. All the while, the white men in the room force the com petitors to watch the performance, taunting with an ideal that they will never experience. The dancer is eventually grabbed at and abused by the white men of the room, symbolizing how a prejudice mindset grants forceful control to the majority, particularly the wealthy and powerful, over the American ideals. This forceful manipulation over what is â€Å"right or wrong† is an underlying theme of this story and helps in better understanding of the opening quote from the grandfather. Soon after the dancer is forced out of the room, the boxers, including the main character, are made to fight each other blindfolded in a chaotic frenzy. After an extended period of this random brawling, the blindfolds are finally removed for a boxing match between the main character and other remaining opponent. The main character quickly realizes that he is outmatched by his opponent and attempts to offer money in exchange for victory. Not only does the challenger refuse, but he makes the claim tha t he is fighting for himself rather than for the audience. What’s particularly significant about this situation is the fact the despite being forced into a savage brawl at the expense of the white men, the main character continues to participate wholeShow MoreRelatedLiterary Analysis On Battle Royale By Ralph Ellison1544 Words   |  7 PagesThe story I have chosen to write my literary analysis on is Battle Royale, a short story by Ralph Ellison, written in 1952. This short story is the opening of a larger novel written by Ellison it is a story about a young black man, who has recently graduated high school. During the course of this story the boy’s grandfather dies and leaves the young man with some last words that he did not initially understand but close to the end of the story the words meaning become clearer to him. He lives inRead MoreThe Prelude by William Wordsworth1181 Words   |  5 Pagesbeginning of the most influential development of his perspective. Wordsworth’s connection to the French Revolution largely shapes his views of man and tests his optimism of man’s true nature. During his visits to sites like the Bastille and the Palais Royale-- intricately connected to the French revolution-- contrasting emotions of hope and fear emerge into Wordsworth’s thinking. Wordsworth’s political views further develop as he grows in relationship with his favorite French officer, Beaupuy. The twoRead MoreFedex Five Porters Forces and Swot Essays2618 Words   |  11 Pagesthis essay is aimed to discuss how the business environment, company 3 resources and segmentation are related to the business performance. The paper analyzes these three elements using Porter’s five forces and SWOT. Porter’s five forces model analysis The five competitive forces model was came out from Porter’s first book Competitive Strategy in 1980. From that on, the model is broadly used by business managers as a guide tool to analyze enterprise structure and strategy. From his perspectiveRead MoreColor Symbolism, The Invisible Man, By Irving Howe1584 Words   |  7 Pagesobvious symbolism is presented not only the audience, but the narrator as it guides him in his travel to finding who he is. Artists for years have been fascinated by the implications of the psychological theory of Automatism, it refers to personal analysis, not the judging of images in the subconscious , but the accepting of them as they come into the conscious mind so they can be analyzed. It has always been understood that the unconscious has important messages for the conscious mind, but the formerRead MoreThe Invisible Man: Analyzing The Grandfather’S Curse. Throughout1446 Words   |  6 Pagesbeing â€Å"humble† (in other words, kn owing their place and not challenging the norms). Naturally, all of the rich old white men loved this speech, and asked him to give it again in front of many of the town’s elite. He is forced to fight at this â€Å"battle royale† as he calls it, and with a mouthful of blood delivers his speech. As he is coughing on his own blood, he accidentally switches the words â€Å"social responsibility† with â€Å"social equality,† infuriating the white men there. He hastily insists it wasRead MoreAnalysis Of The Invisible Man By Irving Howe1584 Words   |  7 Pagesobvious symbolism is presented not only the audience, but the narrator as it guides him in his travel to finding who he is. Artists for years have been fascinated by the implications of the psychological theory of Automatism, it refers to personal analysis, not the judging of images in the subconscious , but the accepting of them as they come into the conscious mind so they can be analyzed. It has alwa ys been understood that the unconscious has important messages for the conscious mind, but the formerRead MoreEssay on Course Project Decision Management 5303595 Words   |  15 PagesDeciding how to Market Royale Resort Hotel Product offerings in a Competitive Market. (Course Project) Bisi O. Thomas DeVry University - Keller School of Management. Professor – Victoria Ashiru Managerial Decision-Making (MGMT530) May 15, 2013 Table of Contents Executive Summary 3 Problem Statement 5 Since the stakeholders revokes their contract with Regale Properties whose str market?† ategy is to host the city’s festival as marketing strategy to launch the hotel product offeringsRead MoreProject on Titan9221 Words   |  37 PagesCONTENTS ïÆ'  ACKNOWLEDGEMENT ïÆ'  INTRODUCTION ïÆ'  EXECUTIVE SUMMARY ïÆ'  COMPANY BACKGROUND ïÆ'  SITUATION ANALYSIS ïÆ'  SWOT ANALYSIS ïÆ'  SEGMENTATION STRATEGY ïÆ'  MARKET RESEARCH ïÆ'  MARKETING PROGRAM ïÆ'  CONCLUSION ïÆ'  BIBLIOGRAPHY ACKNOWLEDGEMENT We wish to express our sincere thanks to Ms. Aparna Goel, Lecturer Consumer Behaviour, and FACULTY- AMITY BUSINESS SCHOOL for giving us the opportunity to work on this exciting project. This has given us the insight of how the various theoreticalRead MoreMarket Segmentation9161 Words   |  37 Pagesthem should be measurable. h. Compatible: - Segments must be compatible with firm’s resources and capabilities. †¢ REASONS FOR MARKET SEGMENTATION Segmentation is the basis for developing targeted and effective marketing plans. Furthermore, analysis of market segments enables decisions about intensity of marketing activities in particular segments. ~ 3 ~ A segment-orientated marketing approach generally offers a range of advantages for both, businesses and customers. 1. FacilitatesRead MoreKfc Marketing Strategies20155 Words   |  81 PagesNegotiate store purchase (if buying stores) KFC – * Complete site registration workbook * Provide Franchise Site Analysis Survey (FSAS) and deposit form * Submit site registration to Brand desk * Determine if proposed site can be cleared for development Franchisee Prospect – * Complete site deposit form * Remit funds * Sign, date and remit site analysis survey form KFC – * Provide onboarding support via regular calls * Schedule/conduct appropriate training

Acid Rain and Its Effect on Plants †Free Sample Assignment

Question: Acid Rain Experiment During Unit 3, you will explore how chemistry affects your daily life. It is interesting to see that every process that occurs in a living organism is based on chemical interactions within the organisms cells. Even the formation of DNA depends on proper bonds! One of the ways in which chemistry has a direct effect on our lives and our environment is in acid rain. We will be discussing acid rain and its effects on biotic and abiotic organisms during our third Seminar. You will then be able to explore this in a three-part experiment over the next six weeks which will help you to see how chemical reactions affect your surroundings. The experiment is designed to demonstrate the effects of acid rain on plant growth and development. To do this you will need: Four to six plant cuttings (see below) Two 16.9 ounces of bottled water Tap water from faucet Rain water (if available) White vinegar Four small cups (should hold about one-half cup of water) plant cuttings, you will need to cut a stem plus leaves (at least 2 inches long with at least two leaves) of any of the plants listed below (or any other plant that you know can grow roots from cuttings). Geranium Begonia Coleus Mint Houseplants: Pothos, philodendron, Swedish ivy, wandering Jew, purple passion vine Rosemary Basil Oregano Sweet potato vine (ornamental and edible) Tomato suckers (mini-plants that come up on the sides and should be broken off, anyway) Penstemon "Husker Red" Snapdragons Salvia Sedum Directions: Step 1: Take each cutting and place in a separate, small cup with enough tap water (room temperature) to cover at least one inch of the bottom of the cutting. Step 2: Allow the cuttings to grow for 1 week, recording your observations of each cutting including the presence/absence of roots, and the appearance of the leaves. Step 3: At the end of the first week do the following: Prepare an acid water solution by adding teaspoon of white vinegar to one 16.9 oz bottl ed water. Number each cup 1 through 3 - (and 4 if also using rainwater. If rainwater is not available, use only cups 1-3). Replace the water in each cup with one of the following waters placing the water source in the appropriately numbered cup: 1. Tap water 2. Bottled water 3. White Vinegar/Acid water 4. Rain water (if available). Water should cover at least one inch or more of the cuttings to ensure that the roots do not dry out. If the water levels get low, add more of the appropriate water source. It is very important to keep the ends of the cuttings and roots immersed in water all the time. Unit 3 Final Project: Acid Rain Part I: Make several observations about the cuttings at the start of the experiment. Your observations should include the height, color and number of leaves of the cuttings. You should also observe how many roots are present and the length of the roots. Based on what you have learned about acid rain, develop a specific hypothesis regarding your expectations a s to the effect of each of the different water sources on the growth and development of the cuttings at the end of two weeks. Which water source serves as your control and why? If you have a digital camera, please take a picture of the cuttings now and save it for comparison later. You'll turn in the first part of this Assignment at the end of Unit 3. Your APA-formatted Assignment should include how you set-up your experiment, your hypotheses, answers to the questions listed above, and the first week of observations. Alternative Assignment: Acid Rain: As an alternative to the acid rain experiment described above, you may submit the following Assignment:Develop a hypothesis on whether or not acid rain is in your area. Support your hypothesis with observations. In other words, what do you see or what have you observed that supports your hypothesis? Answer: Introduction Acid rain is a term used to describe all kind of precipitation such as rain, snow, sleet, hail, fog that are acidic in nature. The common term used is Acid deposition. Acid rain causes due to mainly due to mainly burning of fossils fuels by coal burning in power plants, automobiles and factories. When the fossils fuels are burned then the sulphur dioxide and nitrogen oxide are released in the atmosphere (Agrios, 2005). These gases mix with water, oxygen and other substances and forms sulphuric acid and nitric acid solutions. Acid rain is spread across the atmosphere by winds. When this acid rain enters the earth then it flows across the runoff water surface, water system and sinks into the soil (Somerville, 2008). Acid rain has different bad effects. It kills the aquatic life, damage crops and other vegetarian, damages monuments and building and causes the toxic metals to leach into the underground drinking water sources etc. It affects the biotic and abiotic organisms. The research was conducted to see the effect of acid rain on the plants (Beers, 2007). The research was conducted to see how acid rain can affect the growth of the plant. It also shows the growth of the plant roots can be affected by the acid rain. The research shows the effect of the acid rain effect on the colour and growth of the leaves of the plants. Research Questions What are the different water sources on the growth and development of the cuttings at the end of two weeks? Which water source serves as your control and why? What effect does the different water sources appear to be having on the plant cuttings? What will be the result? Are the results supporting the original hypotheses? If so, then how? If not, then to create a new revised hypothesis. Hypothesis Experiment shows the effect of the different water solution on the different plant cuttings. Experiment shows how the different water solution affects the roots length of the plant, number of leaves cutting and the colour of the leaves, appearance of the leaves and other effects over the plant. Requirements Item Description Quantity Plant cuttings 4 to 6 Bottled water 16.9 Small cups 4 Other materials required: Tap water, rain water, white vinegar, sedum plant. Procedure Sedum plant was selected. Then it was cutted 2 inch long from the stem, in such way that it has at least 2 leaves. Each stem cutting of the sedum plant was placed separately in a small cup with enough tap water to cover one inch of the bottom of the cutting. Then the stem cutting was grown for 1 week. Observation was recorded of the stem cutting After the end of the first week, an acid water solution was prepared by addition of teaspoon white vinegar to one 16.9 oz bottled water. 4 cups were numbered. Water was replaced from each cup with the tap water, bottled water, acid water. Water was poured in such a way, that it should cover at least one or more inch of the cuttings. So the roots does not dry (Brimblecombe, 2007). Water should be maintained every the time so the root does not dry Results Observations were recorded on the below table Initial Observations: End of Week 1 Water Source Roots Visible? Length of Roots? Number of Leaves on Cutting? Color of Leaves? Appearance of Leaves (Healthy, Dry, Wrinkled, Discolored, etc.)? Other Observations? Tap Water 6 5 3 Yellow Healthy Bottled Water 5 4 3 Yellow Healthy Acid Water (White Vinegar Solution) 6 5 4 Yellow Healthy Rain Water 4 4 3 yellow Healthy Table 1: it represents the initial observation after 1st week Week Two Observations Water Source Roots Visible? Length of Roots? Number of Leaves on Cutting? Color of Leaves? Appearance of Leaves (Healthy, Dry, Wrinkled, Discolored, etc.)? Other Observations? Tap Water 5 5 3 Yellow Healthy Bottled Water 5 4 3 Yellow Dry Acid Water (White Vinegar Solution) 5 4 3 Yellow Dry Rain Water 4 4 3 yellow Healthy Week Three Observations: Water Source Roots Visible? Length of Roots? Number of Leaves on Cutting? Color of Leaves? Appearance of Leaves (Healthy, Dry, Wrinkled, Discolored, etc.)? Other Observations? Tap Water 5 5 3 Yellow Healthy Bottled Water 5 4 3 Yellow Dry Acid Water (White Vinegar Solution) 4 3 3 Yellow Dry Rain Water 4 4 3 yellow dry Week Four Observations: Water Source Roots Visible? Length of Roots? Number of Leaves on Cutting? Color of Leaves? Appearance of Leaves (Healthy, Dry, Wrinkled, Discolored, etc.)? Other Observations? Tap Water 4 5 3 Yellow Healthy Bottled Water 4 4 3 Yellow Dry Acid Water (White Vinegar Solution) 3 3 2 Yellow Wrinkled Rain Water 4 4 3 yellow dry Final Observations (Week Six): Water Source Roots Visible? Length of Roots? Number of Leaves on Cutting? Color of Leaves? Appearance of Leaves (Healthy, Dry, Wrinkled, Discolored, etc.)? Other Observations? Tap Water 4 5 3 Yellow Healthy Bottled Water 4 4 3 Yellow wrinkled Acid Water (White Vinegar Solution) 0 2 1 Yellow discolour Rain Water 4 4 3 yellow wrinkled Week Five Observations: Water Source Roots Visible? Length of Roots? Number of Leaves on Cutting? Color of Leaves? Appearance of Leaves (Healthy, Dry, Wrinkled, Discolored, etc.)? Other Observations? Tap Water 4 5 3 Yellow Healthy Bottled Water 4 4 3 Yellow Dry Acid Water (White Vinegar Solution) 2 2 2 Yellow Wrinkled Rain Water 4 4 3 yellow wrinkled Picture of the Observation Discussion and Conclusion Acid rain is a broad term that refers the wet and dry deposited material from the atmosphere, which contains nitric acid and sulphuric acids (Gusta, Wisniewski and Tanino, 2009). Acid rain results from the natural sources such as volcanoes and the vegetation decaying and the man made sources, which occurs from fossil fuel combination. When this acidic water falls on the ground, it affects a variety of plants and animals. Effect of acid rain depends on various factors such as water acidity, soil chemistry and its buffering property and type of fish, trees and the living things. The process by which acid rain damage the plant is very delicate. The acidic water alters the pH of the soil where the plant are growing, dissolving minerals and carrying them. Due to the drop of soil pH plant will suffer (Mardini, 2010). Above experiment shows effect of the different water solution on the different plant cuttings. .Experiment shows how the different water solution affects the roots length of the plant, number of leaves cutting and the colour of the leaves, appearance of the leaves and other effects over the plant (Parks, 2006). Sedum plant is selected for the experiment. Different water solution chosen is the tap water, bottled water, acid water and the rainwater. Here the tap water is considered as the control. It is considered as the control as pure form of water compare to the other form of water solutions. Experiment shows that the height of the stem cutting decreased of the acid water solution compare to the other solution. The colour of the leaves of the stem cutting of the acid water solution was decoloured compare to the other water solutions (Simblet, 2010). The results show that how acid water affects the plants growth, compare to the tap water, bottle water and the rainwater. The research concludes the bad effect of acid rain on the plants. References Agrios, G. (2005).Plant pathology. Amsterdam: Elsevier Academic Press. Beers, G. (2007).Holt elements of literature. Austin, Tex.: Holt, Rinehart and Winston. Brimblecombe, P. (2007).Acid rain. Dordrecht: Springer. Gusta, L., Wisniewski, M. and Tanino, K. (2009).Plant Cold Hardiness. CABI. Mardini, R. (2010).Volatile landscape. Washington, DC: The Jamestown Foundation. Parks, P. (2006).Acid rain. Detroit [Mich.]: KidHaven Press. Simblet, S. (2010).Botany for the Artist. London: DK Pub. Somerville, R. (2008).The forgiving air. Boston, Mass: American Meteorological Society.

Monopoly profits

A monopoly is a market structure characterized by only one supplier but many buyers. The one firm which supplies the entire market has enormous market power to determine both the price as well as the quantity supplied to the market.Advertising We will write a custom essay sample on Monopoly profits specifically for you for only $16.05 $11/page Learn More In the process, they not only produce at high prices in comparison with a competitive market structure but they also produce less than the optimum quantities required in the market. The monopoly firms thus make super normal profits and are considered inefficient. The main causes of the existence of monopolies are the barriers to entry resulting from several factors. First are the natural monopolies which occur due to the fact that only the firm is able to access resources used in the production of the final product. Factors such as high cost of entry, government policies as well as limitations in technol ogy also lead to the existence of monopolies (Price and Output under a Pure Monopoly, 2010, para3). The graph below depicts the monopoly market structure. Notably, the Marginal Revenue curve is downward sloping as the firm can determine both the price as well as quantities. It is also important to note that all firms produce at the point where the Marginal Revenue Curve (MR) meets with the Marginal Cost curve (MC). Total Revenue (TR) refers to the entire inflow of revenues resulting from the firm’s economic activity. By this definition, the TR can be derived by obtaining the product of the total quantity (Q) sold by the price (P) at which they are sold at. Consequently, TR=P*Q.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More From the graph above, the price follows the Y-axis while the Quantity follows the X-axis. Again, the demand curve is the path along which the firm must produce. Bearing in mind that MR must equate to MR, then, the firm is producing at point J which represents Quantity E and Price A. Therefore, the equation TR=P*Q is represented by the Rectangle 0EJA which is the total revenue of the firm. Total Cost (TC) on the other hand refers to the sum of expenditure incurred during the production of the quantity produced by the firm. It is the product of the Average Total Cost (ATC) and the total quantities (Q) produced. Consequently TC=ATC (Q). At the level of production E, the TC is defined at point H by the Rectangle 0EHB. Profits (  ) refer to the excess of Total Revenues over Total Costs. That is   = TR-TC In the Graph, The difference can be interpreted as the difference between Rectangle 0EJA and 0EHB. This is represented by the Rectangle BHJA. The case of a firm operating in a perfectly competitive market structure differs from the monopoly mainly due to the fact that the firm cannot determine the price or the quantity due to the presence o f many buyers and many sellers.Advertising We will write a custom essay sample on Monopoly profits specifically for you for only $16.05 $11/page Learn More The MR curve equates to the demand curve at a level where MR which defining the level of price. Notably, the competition ensures that the firms produce at the levels where the average cost curve is at minimum. Therefore production is done at the level where MR=AR=AC=MC. In the graph the point would be K where the level of output is at L. Clearly, this level of output is higher than in the case of a monopoly. Reference List Cooperative Games, (2010). Learningforlife. Web. Osborne, M., (2007). Nash Equilibrium: Theory. Retrieved from https://www.economics.utoronto.ca/osborne/igt/nash.pdf Price and Output under a Pure Monopoly, (2010). Tutor2u.Retrieved from https://www.tutor2u.net/economics/reference/monopoly-price-and-output-for-a-monopolist This essay on Monopoly profits was written and submitted by user Eli W. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.