When Demand Is Perfectly Elastic, Marginal Revenue Is

question 247

Multiple Choice

When demand is perfectly elastic, marginal revenue is

• A) zero.
• B) equal to price.
• C) declining.
• D) increasing.

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Definitions:

Phosphorous

A reactive, nonmetallic element essential for life, involved in energy transfer and the formation of bones and teeth.

Feldspar

A collection of minerals essential for forming rocks, which are highly prevalent in the Earth's crust and utilized in the production of ceramics and glass.

Hematite

A reddish-black mineral consisting of ferric oxide, commonly used as an iron ore or in pigment production.

Halite

A mineral composed of sodium chloride (NaCl), commonly known as rock salt, which forms by the evaporation of saline water in enclosed basins.