Ask Question
BusinessBusiness
29 January, 13:35

When the marginal revenue curve intersects the horizontal axis A. demand is relatively inelastic. B. demand is perfectly elastic. C. demand is relatively elastic. D. demand is unitary elastic.

+2
Answers (1)
  1. 29 January, 13:42
    0
    D. demand is unitary elastic.

    Explanation:

    A unitary elastic demand means that the quantity demanded will change proportionally to any change in the price of the product or service. E. g. price decreases by 10%, then quantity demanded will increase by 10%.

    The marginal revenue curve represents the additional revenue generated by selling one more unit. As the marginal revenue curve approaches 0, it means that selling one additional unit generates lower revenues.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When the marginal revenue curve intersects the horizontal axis A. demand is relatively inelastic. B. demand is perfectly elastic. C. demand ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Because in any period of time and in any region the quantity of pollutants that can be absorbed by nature is fixed, the supply of "pollution rights" in a cap-and-trade system will be perfectly elastic (horizontal). (A) True (B) False
Answers (1)
A company can save tens of thousands of dollars in the long run by converting to energy saving bulbs and instituting energy saving policies across the whole corporation.
Answers (1)
Which of the following organizations does NOT require operations? A. American Red Cross B. Walmart C. Washington State University D. All of the above require operations
Answers (1)
When writing a letter of complaint to a business, you should include specific action you would like them to take? True or false
Answers (1)
Assume that a Japanese car manufacturer exports cars to U. S. dealerships, which are priced in yen. The demand for those cars declines when the yen is strong. The manufacturer also produces some cars in the U. S. with U. S.
Answers (1)
New Questions in Business
Sharp Focus Cameras is facing intense competitive pressure. Top marketing managers are looking for ways to cut costs. They are considering a plan to cut distribution costs by eliminating marketing intermediaries from the channel of distribution.
Answers (1)
Older adults who participated in 20 one-hour video game training sessions with the program lumosity showed reduction in their:
Answers (1)
The total of tools, equipment, machinery, and buildings used to produce goods and services is called supply. True or False
Answers (1)
What percentage of federal revenues is made up of corporate taxes
Answers (1)
F Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees, a court will probably
Answers (1)
Home » Business » When the marginal revenue curve intersects the horizontal axis A. demand is relatively inelastic. B. demand is perfectly elastic. C. demand is relatively elastic. D. demand is unitary elastic.
Sign In
Ask Question
Menu
Subjects