If Marginal Revenue Equals Zero,then Demand at This Level of Output

question 2

Multiple Choice

If marginal revenue equals zero,then demand at this level of output is

• A)perfectly inelastic.
• B)inelastic.
• C)unit elastic.
• D)elastic.
• E)perfectly elastic.

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Definitions:

Poverty Line

A financial threshold below which individuals or families are considered to live in poverty, based on their income or consumption levels.

Poverty Rate

The percentage of people residing under the poverty threshold, signifying the degree of financial hardship in a community.

Higher Income

Refers to earnings that are above the median income level for a given region or population, often associated with greater economic stability and purchasing power.

Poverty Line

is a threshold set by a government or organization, below which individuals or families are considered to live in poverty, based on income.