When Marginal Revenue Is Positive

question 49

Multiple Choice

When marginal revenue is positive,

• A)demand is elastic.
• B)marginal revenue is greater than price.
• C)decreasing price will decrease total revenue.
• D)both b and c
• E)all of the above

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Definitions:

Severe Punishment

A form of harsh discipline intended to correct or deter undesirable behaviors.

Fear

A distressing emotion aroused by impending danger, evil, or pain, whether the threat is real or imagined.

Anger

A strong feeling of annoyance, displeasure, or hostility triggered by what one perceives as wrong or threatening.

Magnitude

The size, extent, or importance of something, often quantifiable and used in various contexts to indicate scale or degree.