Compute the marginal revenue when the price elasticity of, Ask an Expert

Economics

Compute the marginal revenue when the price elasticity of demand is −0.25.

A. −3P, meaning marginal revenue is negative and 3 times greater than price.

B. 3P, meaning marginal revenue is positive and 3 times greater than price.

C. −0.33P, meaning that marginal revenue is negative and one-third of the price.

D. −0.25P, meaning that marginal revenue is negative and one-fourth of the price.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91695507

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