Based on the graph for the relationship between elasticity of the demand and total revenue, total revenue is maximized ______.
a. when demand is unit elastic
b. when marginal revenue is increasing
c. when marginal revenue is maximized
d. when demand is inelastic
a. when demand is unit elastic
Economics
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Which of the following is NOT included in M1?
A) deposits in checking accounts B) deposits in checking accounts that pay interest C) savings accounts D) traveler's checks
Economics
The empirical evidence suggests that periods of high productivity growth will cause which of the following in the short run?
A) higher markups B) lower unemployment C) constant real wages D) greater equality in wages E) none of the above
Economics