Register
For a monopoly, the level of output at which marginal revenue equals zero is also the level of output at whicha.total revenue is maximized.b.profit is maximized.c.marginal cost is zero.d.average revenue
54.9k views
4 votes
For a monopoly, the level of output at which marginal revenue equals zero is also the level of output at whicha.total revenue is maximized.b.profit is maximized.c.marginal cost is zero.d.average revenue is zero.

User JoshDM
by
5.2k points

1 Answer

0 votes

Answer:

a.total revenue is maximized

Step-by-step explanation:

Marginal revenue refers to the change in total revenue. Zero marginal revenue impllies no change in TR. Thus, only when TR is maximized will MR be zero before falling.

User Mvinayakam
by
4.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.6m answers

Other Questions

_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
Ensuring that an individual is who they claim to be is the function of _____. select one: a. confidentiality b. authorization c. availability d. authentication e. nonrepudiation
The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the
Link Copied!