If a Business Can Sell 10 Units at a Price

question 10

Multiple Choice

If a business can sell 10 units at a price of $30 but has to reduce price to $29 in order to sell 11 units,which of the following can we conclude?

• A)Marginal revenue is negative.
• B)Marginal revenue is decreasing,but it is still higher than price.
• C)Demand is elastic and marginal revenue is positive.
• D)Total revenue increases,so demand must be inelastic.

---

Definitions:

Human Rights Convention

An international agreement designed to protect and promote fundamental human rights and freedoms, binding upon the countries that ratify or accede to it.

War Paradigm

A framework for understanding conflict that views war as a distinct entity governed by its own set of rules and norms, often characterized by a focus on enemy combatants and military objectives.

Executive Branch

The part of government responsible for implementing and enforcing laws, usually headed by the president or prime minister and comprising departments and agencies.

Commander-In-Chief

The highest-ranking officer in the armed forces of a nation, typically the President or monarch, responsible for military command.