Assume That at a Given Output a Monopolist's Marginal Revenue

question 138

Multiple Choice

Assume that at a given output a monopolist's marginal revenue is $25 and its marginal cost is $18.If the monopolist increases output,then

• A)price,marginal cost,and total profit will fall.
• B)price will fall,marginal cost will rise,and total profit will rise.
• C)price will rise,marginal cost will fall,and total profit will rise.
• D)price,marginal cost,and total profit will rise.

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Definitions:

Relationship Management

Relationship Management involves managing interactions with and expectations of both internal and external stakeholders in a business context, aiming to build and maintain healthy relationships.

Emotional Intelligence

The capacity to comprehend, utilize, and control one's emotions constructively to mitigate stress, facilitate effective communication, empathize with others, and navigate obstacles.

Noncognitive Skills

Traits and behaviors that are not directly related to intellectual abilities but are important for personal development, social interactions, and academic and workplace success, such as emotional regulation and persistence.

Environmental Demands

The pressures and requirements placed on an individual or organization by the external surroundings, including social, economic, and ecological factors.