The Statement That Is True About Marginal Revenue Is

question 92

Multiple Choice

The statement that is true about marginal revenue is

• A)If marginal revenue is zero, it means that quantity demanded falls to zero when a firm changes its price.
• B)If marginal revenue is negative, the additional revenue received from selling 1 more unit of the good is smaller than the revenue lost from receiving a lower price on all the units that could have been sold at the original price.
• C)If marginal revenue is positive, the additional revenue received from selling 1 more unit of the good is smaller than the revenue lost from receiving a lower price on all the units that could have been sold at the original price.
• D)Marginal revenue increases as price falls and quantity sold increases.

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Definitions:

Feedback Assertion

A communication technique used by salespeople to affirm or refute information received from a client, enhancing understanding and engagement.

KISS

A memory device standing for Keep It Simple, Salesperson.

Proof Statements

Declarations or assertions provided as evidence to support or validate a claim or argument.

Source Media

The original platforms or channels through which content is generated and shared, including traditional media like newspapers and digital outlets like social media.