Which of the Following Statements Is Correct

question 64

Multiple Choice

Which of the following statements is correct?

• A)If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling more units at a lower price per unit.
• B)If the monopolist's marginal revenue is greater than its marginal cost, the monopolist can increase profit by selling fewer units at a higher price per unit.
• C)When a monopolist produces where price equals the minimum of average total cost, it earns a positive economic profit.
• D)If the monopolist is earning a positive economic profit, it must be producing where MR = MC.

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Definitions:

Hypoxemia

A condition in which the level of oxygen in the blood is less than normal; characterized by a low partial pressure of oxygen in arterial blood or low hemoglobin saturation.

Tachypnea

An abnormally rapid breathing rate, which can be a sign of illness or distress.

Oxygen Therapy

A medical treatment that provides additional oxygen, usually through a mask or nasal prongs, to patients who have difficulty obtaining enough oxygen on their own.

Cotton Blankets

Soft, woven covers made from cotton fibers, used for warmth and comfort during sleep or rest.