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

A) D = P
B) D = AR
C) P = AR
D) MR does not = P
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 are correct answers.

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.