The demand curve facing a firm is also the firm's
A)total utility curve.
B)average revenue curve.
C)average utility curve.
D)total revenue curve.

Question

Quizplus · Accepted Answer

The demand curve facing a firm represents the quantity of goods that consumers are willing to buy at different prices. This curve is also the firm's average revenue curve because the price at which the firm sells its product (as determined by the demand curve) is the average revenue it receives per unit sold.

The Demand Curve Facing a Firm Is Also the Firm's