A profit-maximizing monopolist, if producing at all, chooses a level of output where:
a. total revenue is maximized.
b. total cost is minimized.
c. average total cost is minimized.
d. marginal revenue equals marginal cost.
Question 2
Protection of an infant industry should be withdrawn once that industry:
a. charges the same price as foreign competitors.
b. goes public on the stock exchange.
c. raises a large amount of sales revenue.
d. achieves sufficient size to compete with foreign firms.
e. earns enough profit as a result of the subsidies to remain in business.
Primary production increases with an increase in total phosphorus concentration.
Surface Fronts and Upper-Level Patterns: Cold Fronts and the Formation of Upper-Level Troughs
Rising sea level threatens coastal communities around the world
Rising sea level: Some areas will be affected by a rise of just 40 cm
Kyoto Protocol encourages industry to innovate and reduce the level of emissions
The level of emissions from transport in the United States is twice as high as the global average