Author Question: If a monopolist is maximizing profits, then it is producing an amount of output so that A) MR = ... (Read 126 times)

vicky · **on:** Jun 29, 2018

If a monopolist is maximizing profits, then it is producing an amount of output so that

A) MR = ATC.
B) MC = AVC.
C) MR = TC.
D) MR = MC.

Question 2

When the marginal product of labor exceeds the average product of labor

A) the average product of labor is increasing.
B) the average product of labor is decreasing.
C) the total product curve is negatively sloped.
D) the firm is experiencing decreasing returns to scale.