Complete Each Statement from the Options Below

question 57

Short Answer

Complete each statement from the options below.

(a) When marginal revenue is negative:
(b) When marginal revenue is positive:
(c) When marginal revenue is zero:

(i) demand is elastic.
(ii) demand is inelastic.
(iii) elasticity of demand is equal to 1.

---

Definitions:

Diphenhydramine

An antihistamine medication used to relieve symptoms of allergy, hay fever, and the common cold, as well as for sedation and to treat motion sickness.

Dry Mouth

A condition characterized by a lack of adequate saliva production, leading to discomfort and potential oral health issues.

Side Effect

A typically undesirable effect of a medication or treatment that occurs in addition to the intended therapeutic effect.

Digoxin Level

The concentration of digoxin, a heart medication, in the blood, monitored to ensure therapeutic levels are maintained.