alleryMatch max revenue: 1. Top: p. Unit elast 2. MR: q. Zero gain 3. Peak: r. Maximum
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Total revenue reaches its maximum when price elasticity equals unity, corresponding to zero marginal revenue.
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