Compute the Marginal Revenue When the Price Elasticity of Demand

question 36

Multiple Choice

Compute the marginal revenue when the price elasticity of demand is −0.10.

• A) −9P, meaning marginal revenue is negative and 9 times greater than price.
• B) 9P, meaning marginal revenue is positive and 9 times greater than price.
• C) −3P, meaning marginal revenue is negative and 3 times greater than price.
• D) 3P, meaning marginal revenue is positive and 3 times greater than price.

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Definitions:

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Slavery

The condition in which individuals are owned by others and deprived of personal freedom and the right to self-determination.

Blumenbach

Johann Friedrich Blumenbach, an 18th-century German physician and anthropologist known for his works on human classification.

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A racial classification system that asserts any person with even one ancestor of sub-Saharan African ancestry ("one drop" of African blood) is considered Black.