the relationship between marginal revenue and elasticity is a. when demand is el

Question

the relationship between marginal revenue and elasticity is a. when demand is elastic marginal revenue is positive and when demand is inelastic marginal revenue is negative b. whenever the elasticity is positive, marginal revenue is positive c.whenever the elasticity is negative, marginal revenue is positive d. when demand is elastic marginal revenue is negative and when demand is inelastic marginal revenue is positive e. the total revenue equals 0 at the quantity for which the demand is unit elastic

Explanation / Answer

a. when demand is elastic marginal revenue is positive and when demand is inelastic marginal revenue is negative

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.