If a monopolist's marginal revenue is $25 a unit and its marginal cost is $25, then
A) to maximize profit the firm should decrease output.
B) to maximize profit the firm should continue to produce the output it is producing.
C) to maximize profit the firm should increase output.
D) Not enough information is given to say what the firm should do to maximize profit.
B
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Which of the following is likely to shift the demand curve for workers in rice farms to the right, assuming all else equal?
A) A decrease in the price of rice B) An increase in the price of rice C) An increase in the wage rate D) A decrease in the wage rate
If the required reserve ratio is 25 percent, the simple deposit multiplier is
A) 5.0. B) 2.5. C) 4.0. D) 10.0.
What would the Balance on Goods and Services equal given the following information?Government Taxes= $700; Saving= $100; Gross Private Domestic Investment= $400; Government Spending= $600
a. It is impossible to tell. b. +$1,800 c. +$200 d. -$200 e. +$800
Who guarantees that prices in the foreign exchange market are identical all over the world?
a. Governments. b. Supranational organizations. c. Central banks. d. Tourists. e. Arbitrageurs.