A Monopolist Will Continue to Increase Production Until the Marginal

question 119

Multiple Choice

A monopolist will continue to increase production until the marginal cost of the variable factor is

• A) greater than the marginal revenue of the firm's output.
• B) equal to the marginal revenue product of the factor.
• C) equal to zero.
• D) less than the marginal revenue of the firm's output.
• E) equal to the marginal revenue of the firm's output.

---

Definitions:

Noncash Transfer

Financial assistance provided in forms other than direct monetary payments, such as vouchers, benefits, or goods.

Income-Distribution Data

Information and statistics that detail how income is spread across different groups or individuals within a society.

In-Kind Transfer Payments

Non-cash payments made to individuals or entities, often in the form of goods or services, rather than cash.

Wages And Salaries

Fixed regular payments made by employers to employees for their labor or services, typically paid on a monthly or hourly basis.