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Safari File Edit View History Bookmarks Window Help ? canvas.highline.edu 1 mat D Question 11 Average total cost is increasing whenever O total cost is increasing. marginal cost is increasing. O marginal cost is less than average total cost. O marginal cost is greater than average total cost. D Question 12 A profit-maximizing monopolist will produce the level of output at which O average revenue is equal to average total cost. O average revenue is equal to marginal cost. O marginal revenue is equal to marginal cost. total revenue is equal to opportunity cost 12

Solution

Q11. Answer is marginal cost is greater than the average total cost Q12. Answer is Marginal revenue is equal to the Marginal cost