The Relationship Between Marginal Revenue and Elasticity Is

question 230

Multiple Choice

The relationship between marginal revenue and elasticity is

• A) when demand is elastic, marginal revenue is positive and when demand is inelastic, marginal revenue is negative.
• B) whenever the elasticity is positive, marginal revenue is positive.
• C) whenever the elasticity is negative, marginal revenue is positive.
• D) when demand is elastic, marginal revenue is negative and when demand is inelastic, marginal revenue is positive.
• E) that total revenue equals zero at the quantity for which the demand is unit elastic.

---

Definitions:

Hepatitis B

A serious liver infection caused by the hepatitis B virus that can become chronic and lead to liver failure, cancer, or cirrhosis.

Jaundice

A medical condition characterized by yellowing of the skin and eyes due to high bilirubin levels.

Protein Digestion

The process of breaking down proteins into their constituent amino acids or peptides, which can then be absorbed by the body, primarily occurring in the stomach and small intestine.

Bacteria

Single-celled microorganisms that exist in various environments, some beneficial to humans and others pathogenic.