Other things constant, an increase in resource prices will:

At the point on the demand curve at which marginal revenue = 0, the absolute value of the coefficient of the price elasticity of demand is:

A) > 1. B) = 1. C) < 1. D) = 0.

Profit maximization can occur at some output level where marginal cost and marginal revenue are not equal

Indicate whether the statement is true or false