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jdot jdot
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2 years ago
If a single-price monopolist sets price where the price elasticity of demand exactly equals 1, its

▸ total revenue is at its maximum.

▸ marginal revenue is always positive.

▸ total revenue is falling.

▸ total profits are at a maximum.

▸ total revenue is rising, although marginal revenue is falling.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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twogat123twogat123
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2 years ago
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jdot Author
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2 years ago
Brilliant ツ
terriroberts96
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
sudenzia
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2 hours ago
Correct Slight Smile TY
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