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Other Fields Homework Help Economics Topic started by: tlc_71111 on Mar 3, 2019



Title: If a monopolist produces to a point at which marginal revenue is greater than marginal cost then
Post by: tlc_71111 on Mar 3, 2019
If a monopolist produces to a point at which marginal revenue is greater than marginal cost then

• the incremental cost of producing the last unit is less than the incremental revenue.

• the incremental cost of producing the last unit exceeds the incremental revenue.

• profits are being maximized.

• profits will always be negative.


Title: If a monopolist produces to a point at which marginal revenue is greater than marginal cost then
Post by: yesimshay on Mar 3, 2019
the incremental cost of producing the last unit is less than the incremental revenue.


Title: If a monopolist produces to a point at which marginal revenue is greater than marginal cost then
Post by: tlc_71111 on Mar 3, 2019
I appreciate what you did here, answered it correctly :D