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Multiple Choice Economics

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Marginal revenue (MR) is ____________ when total revenue is maximized.

a. greater than one

b. equal to one

c. less than zero

d. equal to zero

e. equal to minus one

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Multiple Choice Economics

The constant or intercept term in a statistical demand study represents the quantity demanded when all independent variables are equal to:

a. 1.0

b. their minimum values

c. their average values

d. 0.0

e. none of the above

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