A profit-maximizing monopolist will ________ where marginal revenue is equal to marginal cost.
A. minimize its average total cost
B. produce output
C. charge the selling price
D. All of the above are correct.
Answer: B
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If you travel to Mexico you will often see currency exchange businesses along the way as you approach the border
Even though each of these businesses is essentially "selling" the same product (i.e. Mexican pesos) how is it that some of them are able to charge more for the peso than others?
If a country's currency depreciates, then its exports will cost ________ abroad and its imports will cost ________ domestically
A) less; less B) less; more C) more; less D) more; more
Technological progress directly raises output, but also slows capital deepening
Indicate whether the statement is true or false
Which of the following macroeconomic variables would you include in an index of leading economic indicators?
A) Employment B) Inflation C) Real interest rates D) Residential investment