Reffonomics Video -- Monopoly (TR and D and MR Graph, Part I)

After watching the video, scroll down to take the three multiple choice questions.





1. Marginal revenue is

A) the incremental change in TR.
B) the change in TR / the change in Q.
C) the additional revenue from each additional Q demanded.
D) equal to the change in TR as long as the change in Q is equal to one.
E) all of the above answers are correct.




2. Where the MR crosses the x axis, this is

A) the P that should be charged.
B) the Q that should be produced.
C) the P that maximizes TR.
D) the Q that maximizes TR.
E) both the P and Q that maximizes TR.




3. With a monopoly when TR is maximized you know that

A) MR > 0.
B) MR = 0.
C) MR < 0.
D) MR = P.
E) MR = D.




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