Use the Following to Answer Question(s): Demand, Elasticity, and Total

question 166

Multiple Choice

Use the following to answer question(s) : Demand, Elasticity, and Total Revenue

-(Exhibit: Demand, Elasticity, and Total Revenue) At the level of output indicated by point A in Panel (a) :

• A) marginal revenue is zero.
• B) average revenue is at its maximum.
• C) total revenue is zero.
• D) none of the above is true.