If marginal revenue is greater than zero, then demand at this ...

[jace]

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]

Answer to Question 1

B

Answer to Question 2

C