If a Monopolist's Marginal Revenue Is $35 Per Unit and Its

question 187

Multiple Choice

If a monopolist's marginal revenue is $35 per unit and its marginal cost is $25, then

• A)to maximise profit the firm should increase output.
• B)to maximise profit the firm should decrease output.
• C)to maximise profit the firm should continue to produce the output it is producing.
• D)Not enough information is given to say what the firm should do to maximise profit.

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Definitions:

Digital Citizenship

The conscientious application of technology by individuals utilizing computers, the Internet, and digital gadgets to interact with the community at any capacity.

Political Knowledge

The awareness and understanding individuals have about political processes, principles, policies, and leaders.

Digital Divide

The gap between individuals who have access to modern information and communication technology and those who lack access, affecting opportunities in education, healthcare, and employment.

Federal Government

The national government of a federated state, which holds the authority over the entire nation and is responsible for areas such as defense, foreign policy, and interstate commerce.