Which of the Following Is True of the Profit Earned

question 157

Multiple Choice

Which of the following is true of the profit earned by a monopolist?

• A)Profit is maximized where marginal revenue exceeds marginal cost.
• B)Normal profit is ensured where price is equal to average total cost.
• C)Normal profit is ensured where marginal cost exceeds average revenue.
• D)Profit is maximized along the inelastic portion of the demand curve.
• E)Economic profit is made where average variable cost equals marginal revenue.

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Definitions:

Gastric Suction

A medical procedure to remove the contents of the stomach through a tube inserted through the nose or mouth, often used to prevent nausea, vomiting, or to clear the stomach before surgery.

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A reduced state of awareness where a person may be less responsive to external stimuli and might have limited cognitive function.

Asthma

A chronic respiratory condition marked by episodes of airway obstruction, causing difficulty breathing, coughing, and wheezing.

Rectal Suppository

A rectal suppository is a solid form of medication that is inserted into the rectum, where it dissolves and is absorbed into the bloodstream, used for systemic or local effects.