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.

---

Definitions:

Brain Activity

The functioning and processes occurring within the brain, including neural activity, electrical impulses, and chemical signaling, as measured by various neuroimaging techniques.

Interest-Excitement

A psychological state characterized by a positive emotional response and increased attention towards a particular object, event, or activity.

Love

A complicated collection of sentiments, behaviors, and thoughts related to powerful emotions of love, protective instincts, warmth, and reverence for someone.

Energize And Direct

To provide with energy and guide or focus towards a specific goal or action.