1. In regards to a monopoly, which of the following is INCORRECT?

A) D = P
B) D = AR
C) P = AR
D) P does not = MR
E) MR = D

2. Total revenue is:

A) P x Q.
B) AR x Q.
C) the money brought in by the firm.
D) not the same as profit.
E) all of the above answers are correct.

3. Marginal revenue is the

A) TR / Q
B) TR - TC / Q
C) change in TR / Q
D) change in TR / change in Q
E) change in Q / TR