If a firm seeks to maximize total revenue, it should produce the quantity where:
a. marginal revenue equals zero
b. elasticity of demand is less than one.
c. elasticity of demand is greater than one.
d. marginal revenue is maximized.
a
Economics
You might also like to view...
Patents create monopolies by restricting
A) demand. B) prices. C) entry. D) profit.
Economics
What are the ways a multinational corporation can reposition its funds to increase its profits?
What will be an ideal response?
Economics
An increase in real interest rate ………………cost of investment # randomize
A. Decreases B. Increases C. Does not affect D. Diminishes
Economics
An increase in price for an output good decreases the quantity demanded for input factors.
Answer the following statement true (T) or false (F)
Economics