Author Question: If marginal revenue is greater than zero, then demand at this level of output is A) unit elastic. ... (Read 57 times)

jace

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If marginal revenue is greater than zero, then demand at this level of output is
 
  A) unit elastic.
  B) elastic.
  C) inelastic.
  D) steeper than the marginal revenue curve.

Question 2

The owner of a proprietorship has ________ liability and ________ required to use all of his or her entire wealth to pay for the firm's losses.
 
  A) limited; might be
  B) limited; is not
  C) unlimited; might be
  D) unlimited; is not



mjenn52

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Answer to Question 1

B

Answer to Question 2

C



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