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Hanzla Shahid
on Nov 05, 2024

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For a monopolist, if total revenue increases as output decreases, then marginal revenue is

A) equal to price.
B) zero.
C) positive.
D) negative.

Marginal Revenue

The added financial gain received from selling an additional product or service unit.

Total Revenue

The total amount of money a company receives from its sales of goods or services, calculated as the quantity sold multiplied by the sale price.

Output

The total amount of goods or services produced by a company or country, usually measured over a specific period of time.

  • Determine the situations in which marginal revenue assumes positive, negative, or zero figures.
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HS
Harpreet SinghNov 08, 2024
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