A non-discriminating monopolist's price equals its marginal revenue only when
A. marginal revenue is zero.
B. output is zero.
C. total revenue is a maximum.
D. the monopolist's demand schedule intersects the horizontal (quantity) axis.
Answer: B
You might also like to view...
Which of the following represents the ratio of coupon payments to the price of a bond?
A) the interest rate B) the discount rate C) the coupon rate D) the risk premium E) the current yield
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and GDP Price Index in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period rises, and GDP Price Index falls. b. The quantity of real loanable funds per time period falls, and GDP Price Index remains the same. c. There is not enough information to determine what happens to these two macroeconomic variables. d. The quantity of real loanable funds per time period falls, and GDP Price Index rises. e. The quantity of real loanable funds per time period falls, and GDP Price Index falls.