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.

Name: 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.
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Question

Quizplus · Accepted Answer

When marginal revenue is greater than zero, it indicates that total revenue is increasing as output increases, which occurs when demand is elastic.

If Marginal Revenue Is Greater Than Zero, Then Demand at This