Which of the following is NOT correct with regard to revenue? A. Total revenue decreases when marginal revenue is negative. B. Total revenue is zero when marginal revenue is zero. C. Average revenue remains unchanged when marginal revenue is equal to average revenue. D. Average revenue increases when marginal revenue is greater than average revenue E. Average revenue decreases when marginal revenue is less than average revenue.
Which of the following is NOT correct with regard to revenue? A. Total revenue decreases when marginal revenue is negative. B. Total revenue is zero when marginal revenue is zero. C. Average revenue remains unchanged when marginal revenue is equal to average revenue. D. Average revenue increases when marginal revenue is greater than average revenue E. Average revenue decreases when marginal revenue is less than average revenue.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Which of the following is NOT correct with regard to revenue?
A. Total revenue decreases when marginal revenue is negative.
B. Total revenue is zero when marginal revenue is zero.
C. Average revenue remains unchanged when marginal revenue is equal to average
revenue.
D. Average revenue increases when marginal revenue is greater than average revenue
E. Average revenue decreases when marginal revenue is less than average revenue.
Transcribed Image Text:Which of the following is NOT correct with regard to revenue?
A. Total revenue remains unchanged when marginal revenue is zero.
B. Total revenue increases when marginal revenue is positive.
C. Average revenue decreases when marginal revenue is less than average revenue.
D. Average revenue equals zero when marginal revenue is equal to average revenue.
E. Average revenue increases when marginal revenue is greater than average revenue
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