Which of the Following Is True of a Profit-Maximizing Output

question 58

Multiple Choice

Which of the following is true of a profit-maximizing output market monopolist?

• A)The monopolist equates the wage rate with the marginal revenue product.
• B)The monopolist faces a downward-sloping supply curve for an input.
• C)As compared to a competitive firm,an output market monopolist pays a higher price for inputs.
• D)The ratio of capital to labor is higher for an output market monopolist than a competitive firm.