If a monopolist's marginal cost shifts upward,?

Question

A. total revenue will remain unchaged.

B. Total revenue will increase

C. Total revenue will fall

D. Total revenue may rise ro fall depending ont he slope of the demand curve.

Answer 1

D. Total revenue may rise ro fall depending ont he slope of the demand curve.

Answer 2

C. Since the monopolist always produces at a point where marginal revenue is positive, a decrease in production will result in a fall in revenue.