A Nondiscriminating Pure Monopolist Finds That It Can Sell Its

question 174

Multiple Choice

A nondiscriminating pure monopolist finds that it can sell its 82nd unit of output for $12. We can surmise that the marginal

• A)cost of the 82nd unit is also $12.
• B)revenue of the 82nd unit is also $12.
• C)revenue of the 82nd unit is less than $12.
• D)revenue of the 82nd unit is greater than $12.

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Definitions:

Surface Traits

Observable qualities or characteristics of personality that can easily be inferred from outward behavior, as opposed to deeper, more latent traits.

Gordon Allport

A pioneering psychologist known for his theory of personality that emphasized individuality and the concept of the self.

Recommendation

A suggestion or proposal as to the best course of action, particularly one put forward by someone who is authoritative or knowledgeable.

OCEAN

An acronym for the Big Five personality traits: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.