Price, Marginal Revenue and Elasticity are related to each other. When e = 1, then:
A. MR > 0
B. MR < 0
C. MR = 0
D. MR = 1
Answer:C
Price, Marginal Revenue and Elasticity are related to each other. When e = 1, then:
A. MR > 0 B. MR < 0 C. MR = 0 D. MR = 1