In the short run, a monopolist will shut down if it is producing a level of output where marginal revenue is equal to short-run marginal cost and price is:

Related MCQs

• A perfectly competitive firm should reduce output or shut down in the short run if market price is equal to marginal cost and price is:
• If the demand facing a monopolist is P = 100 − 10Q and marginal cost is constant at 20, then the profit maximizing price and quantity for this monopolist are:
• A price discriminating Monopolist is considered more efficient than a single prices monopolist because:
• If the demand curve for a monopolist is P = 100 -20Q, then the marginal revenue of that firm is given by the equation:
• When the total revenue functions is R = 100−X2, the marginal revenue is :
• The cost per output is given by C = 2x + 27. Then the marginal cost when x = 5 is:
• At a price of Rs11.00, quantity demanded is 90; and at a price of Rs.9.00, quantity demanded is 110. The price elasticity of demand is:
• In input-output analysis,____ shows the number of units of any industry’s output needed to produce one unit of another industry’s output.
• In a monopoly, marginal revenue is:
• A profit-maximizing monopoly firm with a demand curve P = 50 − Q is a perfect pricediscriminator. If it has marginal costs of Rs. 10/unit and fixed costs of Rs. 30, it will produce _____ units of output and will make______ profit.