In 2010,a firm produced 100 units of good X at $1.In 2011,the firm produced 200 units of good X at $0.5.Between 2010 and 2011,the total revenue of producing good X
A)stayed constant
B)increased.
C)might increase,decrease,or stay constant.
D)decreased.
E)was equal to zero.

Question

Quizplus · Accepted Answer

The total revenue in both years is $100 (100 units x $1 in 2010 and 200 units x $0.5 in 2011), so it stayed constant.

In 2010,a Firm Produced 100 Units of Good X at $1.In