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.

---

Definitions:

Tertiary Sexual Characteristics

Features that do not directly involve the reproductive system but are thought to develop as a result of hormonal changes during puberty, such as voice changes and hair patterns; however, this term is less commonly used and may be considered inaccurate in current sexual development theory. Instead, primary and secondary sexual characteristics are most commonly referenced.

Intimacy Versus Isolation

A stage in Erik Erikson's theory of psychosocial development where adults face the challenge of forming close relationships or risking social isolation.

Generativity

A concern for establishing and guiding the next generation, typically expressed through parenting, teaching, mentorship, and other creative contributions.

Identity Versus Confusion

A stage in Erikson's theory of psychosocial development where adolescents seek to understand their identity, facing confusion about future roles.