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84. applied to managerial decision-making, when the demand of the good or a service is inelastic, it is a sound business strategy to : A. Increase the price of the good or service B. decrease the price of the good or service c. shut down the business. D. None of the above.81 an Increasing production function means that : A. The marginal physical product ( MPP) is in one asing at an increasing rate B. The MPP is increasing at a decreasing rate C. Only A is correct. D. Both A and B are connect 82. A Decreasing production function suggests that : A . the marginal physical product ( MPP ) is increasing at a decreasing B. the MPP is increasing at an increasing rate. C. Only A is correct rate . D. None of the above 83. applied to managerial decision-making, when the demand of the good or service is elastic, it is a sound business strategy to: A. decrease the price of the good or sorice B. increase the price of the good or service c. close the business. D. None of the above