Marginal revenue will be zero if the elasticity of demand is

1.	Marginal revenue will be zero if the elasticity of demand is
Answer» ANSWER: When marginal REVENUE is POSITIVE, demand is elastic; and when marginal revenue is negative, demand is inelastic. The output level at which marginal revenue equals ZERO corresponds to unitary elasticity. This occurs at the QUANTITY qu in the illustration.

Answer»

When marginal REVENUE is POSITIVE, demand is elastic; and when marginal revenue is negative, demand is inelastic. The output level at which marginal revenue equals ZERO corresponds to unitary elasticity. This occurs at the QUANTITY qu in the illustration.

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Marginal revenue will be zero if the elasticity of demand is

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