If P = Price and MC = Marginal Cost,the Price

question 79

Multiple Choice

If P = price and MC = marginal cost,the price markup of a monopolist is expressed as _____.

• A)(P - Mc./MC
• B)(P - Mc./P
• C)(MC - P)/MC
• D)(MC - P)/P

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Definitions:

Iris Diaphragm

It is an adjustable aperture in optical devices, like microscopes and cameras, controlling the amount of light passing through the lens.

Revolving Nosepiece

A rotating part of a microscope that holds the objectives, allowing for quick changing of magnification by rotating the objectives into position.

Substage Light

A light source located beneath the stage of a microscope that illuminates the specimen from below, enhancing its visibility.

Iris Diaphragm Lever

A device used to adjust the aperture of a microscope to control the amount of light reaching the specimen.