Which of the following is applicable to a monopolistic firm operating at the output where…

Which of the following is applicable to a monopolistic firm operating at the output where marginal cost equals marginal revenue?
  • A.
    Cost of production is at a medium
  • B.
    The plant is of optimum size
  • C.
    Price is above marginal revenue
  • D.
    Average variable cost is at a minimum
Correct Answer: Option C
Explanation
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In the diagram, (bar{PF}), (bar{QT}), (bar{RG}) intersect at S and PG||RG. If In the diagram, (bar{PF}), (bar{QT}), (bar{RG}) intersect at S and PG||RG. If o and A. 22o B. 45o C. 67o D. 89o Correct Answer: Option B Explanation In In the diagram given, (alpha) = 22o (vertically opp. angles), (alpha) = (beta) (alternate angles)o + (beta) = 180o (sum of angles of a (Delta)) o + 22o = 180oo – (133 + 22)o 45o `, props: [‘comment’], data() { return {} }, methods: {} }) {{ reply.posted_by.display_name }}:   {{ reply.created_at }} `, props: [‘comment’, ‘reply’, ‘rate_selection’, ‘token’], data() { return {} }, methods: {} })

In the diagram, (bar{PF}), (bar{QT}), (bar{RG}) intersect at S and PG||RG. If o and A. 22o B. 45o…
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