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Author Question: If marginal revenue is greater than zero, then demand at this level of output is A) unit elastic. ... (Read 38 times)

jace

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on: Jun 29, 2018
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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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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