When Is a Monopolist's Total Revenue at a Maximum

question 3

Multiple Choice

When is a monopolist's total revenue at a maximum?

• A)When it is equal to its marginal revenue.
• B)When it is equal to its average revenue.
• C)When its marginal revenue is equal to zero.
• D)When its average revenue is equal to its marginal revenue.
• E)When its marginal revenue is at a maximum.

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Definitions:

Plasticity

Body’s potential for physical or chemical change; enhances its adaptability to environmental change and its ability to compensate for injury. In the brain and nervous system, this potential is called neuroplasticity.

Nutrition

The process of providing or obtaining the food necessary for health and growth.

Materialism

A philosophical belief that physical matter is the only or fundamental reality and that all being and processes can be explained as manifestations or results of matter.

Neuroscience

is the scientific study of the nervous system, encompassing its structure, function, development, genetics, biochemistry, physiology, pharmacology, and pathology.