Answer- Ed=1 i. MR is negative Ed>1 ii. MR=0 Ed<1 iii. MR is positive

TR is constant when Ed 1. So, MR0. When PED is elastic, TR increases so, MR is positive. When PED is inelastic, TR decreases so, MR is negative.

Answer - <table class="MsoNormalTable" style="border-collapse.. 393661

Question

Ed=1 i. MR is negative Ed>1 ii. MR=0 Ed<1 iii. MR is positive

A a) i, b) ii, c) iii

B a) ii, b) iii, c) i

C a) iii, b) i, c) i

D a) i, b) iii, c) ii

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