Suppose a monopolist is producing a level of output such that MR > MC. What should the firm do to maximize its profits? a. The firm should hire less labor.
b. The firm should do nothing Suppose a monopolist is producing a level of outpu> it wants to maximize the difference between MR and MC in order to maximize its profits.
c. The firm should increase price.
d. The firm should increase output.

d. The firm should increase output.

Explanation:

In the case when the monopolist wants to generate the output level in such a way when the marginal revenue is more than the marginal cost so if the firm wants to maximize its profit so it should have to increase the output as the marginal revenue would begins to reduce and it is equivalent to the marginal cost i.e. become significant in order to maximize the profit

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough

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