Share
Explore BrainMass

Marginal revenue - Positive, negative, or zero?

Given each of the following price elasticities, determine whether marginal revenue is positive, negative, or zero. -5, -1, -0.5

Solution Preview

When the price-elasticity of demand is -5, the demand is elastic and ...

Solution Summary

The Solution determines whether marginal revenue is Positive, Negative or Zero for the given price elasticities.

$2.19