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:

Immediate And Irrational

Decisions or reactions that occur without logical reasoning or deliberation, often driven by instinct or emotion.

Limbic System

A complex system of nerves and networks in the brain, involved in emotions and drives, including fear, pleasure, and anger.

Stress Hormones

Chemicals released in the body in response to stress, such as cortisol and adrenaline, that prepare the body to act in a fight-or-flight scenario.

Vulnerable

The state of being susceptible to physical or emotional harm or injury.