Money is considered to be a factor of production.

Which of the following correctly completes this statement? The monopolist's marginal revenue

A) will be greater than price. B) will be less than price. C) will be equal to price. D) will be greater than total revenues.

For a firm to maximize total profits through price discrimination, it should

a. Charge a high price to consumers with an inelastic demand and low price to consumers with an elastic demand b. Charge a low price to consumers with an inelastic demand and high price to consumers with an elastic demand c. Charge the same price to both sets of consumers d. Charge nothing to both set of consumers-throw a party