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Safari File Edit View History Bookmarks Window Help ? canvas.highline.edu 1 mat

ID: 1154397 • Letter: S

Question

Safari File Edit View History Bookmarks Window Help ? canvas.highline.edu 1 mat D Question 11 Average total cost is increasing whenever O total cost is increasing. marginal cost is increasing. O marginal cost is less than average total cost. O marginal cost is greater than average total cost. D Question 12 A profit-maximizing monopolist will produce the level of output at which O average revenue is equal to average total cost. O average revenue is equal to marginal cost. O marginal revenue is equal to marginal cost. total revenue is equal to opportunity cost 12

Explanation / Answer

Q11. Answer is marginal cost is greater than the average total cost Q12. Answer is Marginal revenue is equal to the Marginal cost