The Table Given Below Shows the Price, Marginal Revenue and Marginal

question 69

Multiple Choice

The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output. The firm does not incur a fixed cost of production.Table 11.4

-If the monopolist's price happens to be greater than the average-variable cost but less than the average total cost, in the short run the monopolist will:

• A)be forced to shut down to minimize the cost.
• B)operate at a loss.
• C)operate at an economic profit.
• D)operate at a normal profit.
• E)go out of business.

---

Definitions:

Tastes

The sensations produced when a substance in the mouth reacts chemically with taste receptor cells located on taste buds.

Early Reflexes

Innate responses present from birth that aid in survival, such as the rooting and sucking reflexes that facilitate feeding in infants.

Function

A relation or expression that describes how one variable (the dependent variable) is related to one or more other variables (independent variables).

Cry Less

Refers to situations or individuals that exhibit a reduced frequency or intensity of crying compared to a standard or expected level.