When Marginal Revenue Is Zero

question 5

Multiple Choice

When marginal revenue is zero:

• A)profit is maximized.
• B)total cost is minimized.
• C)elasticity of demand is zero.
• D)total revenue is maximized.

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Definitions:

Business Model Canvas

A strategic management template for developing new or documenting existing business models visually.

Blocks

Obstacles or barriers that impede progress or prevent achievement of goals.

Business Concept

An idea for a business that includes basic information such as the product or service, the target market, and a unique selling proposition that differentiates it from competitors.

Formal Business Plan

A detailed document that outlines a company's goals, strategies, market analysis, financial forecasts, and operational plans.