Multiple Choice
-Suppose the Busy Bee Café is the monopoly producer of hamburgers in Hay. The above figure represents the demand, marginal revenue and marginal cost curves for this establishment. If the Busy Bee produces 40 hamburgers per hour, then
A) profit will be maximised.
B) marginal revenue will be maximised.
C) marginal revenue will be negative.
D) marginal revenue will exceed marginal cost.
E) both the marginal revenue and the price will be negative.
Correct Answer:
Verified
Correct Answer:
Verified
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