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:

Interest

A fee paid on borrowed assets, usually calculated as a percentage of the principal.

Federal Direct Unsubsidized Loan

A federal student loan where the borrower is responsible for paying all the interest, regardless of the loan's status.

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually.

Minimum Payment Warning Box

Information on a credit card statement that explains the consequences of only making minimum payments.