When Marginal Revenue Is Zero

question 17

Multiple Choice

When marginal revenue is zero,

• A)P < MR.
• B)P = MR.
• C)a small increase in price causes no change in total revenue.
• D)a small decrease in price causes no change in total revenue.
• E)both c and d

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Definitions:

Text Messages

Written electronic messages sent over a phone or computer network, typically consisting of short messages between two or more parties.

Noise

Unwanted sound, or a distraction that interferes with the communication process.

Deviation

A departure from a standard or norm, which can indicate variability in statistical data, processes, or behaviors.

Fluctuation

Variations or changes in level, amount, or value over a period of time, often seen in financial contexts like markets or interest rates.