If the Demand Curve Facing a Monopolist Shifts, Then the Monopolist's

question 145

Multiple Choice

If the demand curve facing a monopolist shifts, then the monopolist's:

• A)marginal revenue curve and profit-maximizing level of output will change.
• B)marginal revenue curve will not change, but its profit-maximizing level of output will.
• C)total cost curve will change, but its variable cost curve will not.
• D)marginal revenue curve will change, but its profit-maximizing level of output will not.

---

Definitions:

Optic Nerve

A cranial nerve that transmits visual information from the retina to the brain.

Light Rays

Streams of photons that move in a straight line and are responsible for allowing the human eye to see and perceive the world around.

Encoding

The initial process of transforming information into a form that can be stored in memory.

Memory Process

The series of steps that information goes through to be encoded, stored, and retrieved in the brain, forming the basis of memory.