The Figures Given Below Represent the Revenue Curves of a Monopolist

question 40

Multiple Choice

The figures given below represent the revenue curves of a monopolist. Figure 24.2 TR: Total revenue curve
AR: Average revenue curve
MR: Marginal revenue curve
Refer to Figure 24.2.In order to maximize profits, what quantity should the monopolist produce?

• A)B
• B)E
• C)Between B and E
• D)Impossible to determine because we are not given the cost curves.
• E)Impossible to determine because we are not given the demand curve.

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