If Marginal Revenue Is Positive

question 14

Multiple Choice

If marginal revenue is positive:

• A) Total costs are constant if another unit is made.
• B) Total revenue increases if another unit is made.
• C) Total revenue stays the same if another unit is made.
• D) Profits increase if another unit is produced.

---

Definitions:

Competitor

An individual, organization, or entity that offers a similar product or service and competes in the same industry or market as another organization.

U.S. Patent Law

The legal framework governing the granting of patents for inventions in the United States, aimed at encouraging innovation.

Inventor

An individual who creates something for the first time through the use of imagination and ingenuity, often resulting in a new product, process, or concept.

Patent

A form of intellectual property protection granted by government to an inventor, giving exclusive rights to use, make, and sell an invention for a certain period of time.