If a Monopolist's Marginal Revenue Is $3

question 127

Multiple Choice

If a monopolist's marginal revenue is $3.00 and its marginal cost is $4.50, it will increase its profits by

• A) reducing output and raising price.
• B) reducing both output and price.
• C) increasing both price and output.
• D) raising price while keeping output unchanged.

---

Definitions:

Kidneys

Bean-shaped organs that filter waste products from the blood, excrete urine, and help regulate blood pressure, electrolyte balance, and red blood cell production.

Supplied

Provided, made available, or furnished with what is necessary or required.

Aortic Arch

The curved portion of the aorta, the largest artery in the body, from which major arteries to the head and upper limbs branch off.

Brachiocephalic Artery

A major blood vessel of the arterial system that supplies blood to the right arm and head, branching from the aorta.