The Figures Given Below Represent the Revenue Curves of a Monopolist.Figure

question 17

Multiple Choice

The figures given below represent the revenue curves of a monopolist.Figure 11.2
TR: Total revenue curve
AR: Average revenue curve
MR: Marginal revenue curve
-If at an output of 10 units a monopolist is earning a positive profit, marginal revenue is $6, and marginal cost is $4, then the monopolist:

• A)is in equilibrium.
• B)should increase output.
• C)should reduce output.
• D)should lower the price at the current output level.
• E)should raise the price at the current output level.

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Definitions:

Thrombocytes

are blood cells, also known as platelets, involved in blood clotting.

Connective Tissue

Connective tissue supports, binds together, and protects tissues and organs of the body; it includes types such as bone, cartilage, and blood.

Diapedesis

The passage of blood cells through the intact walls of the capillaries, typically accompanying inflammation.

Exocytosis

Exocytosis is a cellular process in which substances are transported out of the cell through the fusion of vesicles with the plasma membrane.