Which of the Following Is True of the Profit Earned

question 96

Multiple Choice

Which of the following is true of the profit earned by a monopolist?​

• A)Profit is maximized where marginal cost equals marginal revenue.
• B)Normal profit is ensured where price is equal to average total cost.
• C)Normal profit is ensured where marginal cost exceeds average revenue.
• D)Profit is maximized along the inelastic portion of the demand curve.
• E)Economic profit is made where average variable cost equals marginal revenue.

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Definitions:

Blood-Clotting Factor

A protein in the blood plasma that is essential for the clotting process to prevent excessive bleeding.

Cri Du Chat Syndrome

A human genetic disease caused by losing part of the short arm of chromosome 5 and characterized by intellectual disability, a cry that sounds like a kitten mewing, and death in infancy or childhood.

Chromosome 5

One of the 23 pairs of human chromosomes, containing genes that are essential for various cellular functions and hereditary traits.

Aneuploidies

The presence of an abnormal number of chromosomes in a cell, leading to genetic imbalances and often associated with diseases.