When Marginal Revenue Is Zero, Demand Will Be

question 50

Multiple Choice

When marginal revenue is zero, demand will be

• A)elastic.
• B)inelastic.
• C)unit elastic.
• D)there is not sufficient information to classify the elasticity of demand.

---

Definitions:

Express Authority

The explicit power given by a party to someone, allowing them to act on the party's behalf, often found in legal and organizational contexts.

Implied Authority

Authority of an agent that is not explicitly stated but is implied by the agent's actions or the circumstances of the task.

Terminate

To bring something to an end or conclude its operation.

Agency Relationship

A legal relationship in which one party, the agent, acts on behalf of another party, the principal, with the principal's consent.