When a Perfect Competitor Sells Additional Units,__________,and When a Monopolist

question 37

Multiple Choice

When a perfect competitor sells additional units,__________,and when a monopolist sells additional units,___________.

• A)total revenue always rises;total revenue may rise,fall,or remain unchanged
• B)total revenue remains unchanged;total revenue always rises
• C)marginal revenue stays the same;marginal revenue rises
• D)total revenue always rises;total revenue always falls

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Definitions:

Quoted

Refers to stating the current price of a stock, bond, commodity, or any financial instrument, or the most recent bid and ask prices available.

Yield To Maturity

The cumulative earnings forecasted from a bond assuming it is kept until its expiration date.

Annual Coupon

The yearly interest payment made to bondholders, generally expressed as a percentage of the bond's face value.

Face Value

The face value or the amount in dollars shown on a bond, note, or any financial instrument, representing its value upon reaching maturity.