alleryMatch MR relation: 1. Pos MR: p. Elastic 2. Mid MR: q. Unit e 3. Neg MR: r. Inelast
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
Marginal revenue equals zero when elasticity equals unity, is positive in elastic regions, and is negative in inelastic regions.
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