For a pure monopolist the relationship between total revenue andmarginal revenue

ID: 1229366 • Letter: F

Question

For a pure monopolist the relationship between total revenue andmarginal revenue is such that:
    A.marginal revenue is positive when totalrevenue is at a maximum.
    B.total revenue is positive when marginalrevenue is increasing, but total revenue becomes negative whenmarginal revenue is decreasing.
     C.marginal revenue is positive whenrevenue is increasing, but marginal revenue becomes negative whentotal revenue is decreasing.
     D. marginal revenue is positive so long astotal revenue is positive.

A pure monopolist's demand curve is:
    A.downsloping
     B.upsloping
    C.parallel to the vertical axis.
    D.parallel to the horizontal axis.

A pure monopolist should never produce in the:
    A.elastic segment of its demand curve because itcan increase total revenue and reduce total cost by loweringprice.
    B.inelastic segment of its demand curve becauseit can increase total revenue and reduce total cost by increasingprice.
    C.inelastic segment of its demand curve becauseit can always increase total revenue by more than it increasestotal cost by reducing price.
    D.segment of its demand curve where the priceelasticity coeffiecient is greater the one

Explanation / Answer

For a pure monopolist the relationship between total revenue andmarginal revenue is such that: A.marginal revenue is positive when totalrevenue is at a maximum. B.total revenue is positive when marginalrevenue is increasing, but total revenue becomes negative whenmarginal revenue is decreasing. C.marginal revenue ispositive when revenue is increasing, but marginal revenue becomesnegative when total revenue is decreasing. It means that for everyunit sold, there is more revenue, TR is decreasing wouldmean each unit sold is forless D. marginal revenue ispositive so long as total revenue is positive. A pure monopolist's demand curve is: A.downsloping- more of agood, less people would want to suffice theirneed B.upsloping C.parallel to the vertical axis. D.parallel to the horizontal axis. A pure monopolist should never produce in the: A.elastic segment of itsdemand curve because it can increase total revenue and reduce totalcost by lowering price.- because the flexibility would limit thegoods produced because each unit sold could dramatically affectwhether someone want the good B.inelastic segment of its demand curve because it can increasetotal revenue and reduce total cost by increasing price. C.inelastic segment of its demand curve becauseit can always increase total revenue by more than it increasestotal cost by reducing price. D.segment of its demand curve where the priceelasticity coeffiecient is greater the one

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For a pure monopolist the relationship between total revenue andmarginal revenue

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