For a monopolist that is maximizing profits
A) price exceeds marginal cost.
B) price equals marginal revenue.
C) price equals average total cost.
D) marginal revenue exceeds price.
A
You might also like to view...
Suppose that you consume only pizza and Diet Pepsi. The table above gives your utility from consuming these two goods. What is the marginal utility you get from the fourth slice of pizza?
A) 36 B) 18 C) 12 D) 4
The tax on a bottle of wine is a type of ______ tax.
a. gift b. income c. property d. excise
Complete the sentence-A put option on a futures contract gives its owner:
A. The right to sell a futures contract at the strike price. B. The right to sell a futures contract at the market price. C. The right to buy a futures contract at the strike price. D. The right to buy a futures contract at the market price.
In the short run, a firm continues to produce only if it can cover the:
a. fixed costs. b. sunk costs. c. explicit costs. d. variable costs. e. implicit costs.