When marginal revenue is positive,
A. marginal revenue is greater than price.
B. demand is elastic.
C. decreasing price will decrease total revenue.
D. both b and c
E. all of the above
Answer: B
Economics
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In the long run, all costs are fixed costs
a. True b. False Indicate whether the statement is true or false
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Suppose a copyright's owner has successfully proven in court that an infringer has illegally reproduced the copyrighted material. If the copyright's owner has lost $8 million in profits because of the infringement and the infringer has earned $5 million in profit as a result of illegally reproducing the copyrighted material, the copyright's owner will be awarded ________.
A) $3 million B) $13 million C) $5 million D) $8 million
Economics