When the Marginal Cost Curve of the Monopolist Shifts Upward

question 91

Multiple Choice

When the marginal cost curve of the monopolist shifts upward, there will be

• A) an increase in both price and quantity.
• B) an increase in price but a decrease in quantity.
• C) a decrease in price and in marginal revenue.
• D) a decrease in quantity and a decrease in marginal revenue.

---

Definitions:

Sciatic Nerve

The largest and longest nerve in the human body, extending from the lower back through the buttocks and down each leg, responsible for movement and sensation.

Median Nerve

The median nerve is one of the major nerves of the upper limb, running down the arm and forearm, and into the hand, responsible for both sensory and motor functions.

Nerve Plexus

A network of intersecting nerves or fibers that provides sensory and motor control to various parts of the body.

Sciatic Nerve

The largest and longest nerve in the human body that runs from the lower back through the buttocks and down the legs, providing sensory and motor function.