Profit Quiz 4 (5 MCQs)

Quiz Instructions:

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1. If a monopolist is charging a price such that marginal revenue is greater than marginal cost, then the monopolist

2. Firms can only pursue other objectives apart from profit maximisation if they are making at least normal profit.

3. Producers must understand the marginal benefit of making an additional unit, which shows the

4. By investing in many companies, mutual funds increase the chance of buying stocks that will be

5. Profit-maximising output level occurs when MC=MR. This is known as the "MC = MR profit-maximising rule" .