Recall the Application about setting the price of tickets for Major League Baseball games to answer the following question(s).
-According to the Application, the marginal revenue from ticket sales for a typical Major League Baseball team is
A) positive.
B) zero.
C) negative.
D) infinity.

Question

Quizplus · Accepted Answer

The marginal revenue from ticket sales for a typical Major League Baseball team is negative because the demand curve is downward sloping, meaning that to sell additional tickets, the price must be lowered, which reduces marginal revenue.

Recall the Application About Setting the Price of Tickets for Major