Compute the Marginal Revenue When the Price Elasticity of Demand

question 117

Multiple Choice

Compute the marginal revenue when the price elasticity of demand is −0.25.

• A) −3P, meaning marginal revenue is negative and 3 times greater than price.
• B) 3P, meaning marginal revenue is positive and 3 times greater than price.
• C) −0.33P, meaning that marginal revenue is negative and one-third of the price.
• D) −0.25P, meaning that marginal revenue is negative and one-fourth of the price.

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