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- If the Firm in Figure 23

Question 62

Multiple Choice

- If the firm in Figure 23.4 raised the price of its product above $4,the firm would A) Increase its profits. B) Reduce its total revenue to zero. C) Increase its total revenue but not its profits because costs would increase.
- If the firm in Figure 23.4 raised the price of its product above $4,the firm would


A) Increase its profits.
B) Reduce its total revenue to zero.
C) Increase its total revenue but not its profits because costs would increase.

Correct Answer:

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