The demand curve facing the firm has been estimated as follows:

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Which of the following statements about the firm's total revenue is correct?
A)If the firm sold 3 units of output,it would have revenues totaling $540.
B)If the firm sold 7 units of output,it would have revenues totaling $980.
C)If the firm increased output from 2 units to 3 units,total revenue would increase.
D)If the firm increased output from 6 units to 7 units,total revenue would increase.
E)If the firm decreased output from 6 units to 5 units,total revenue would decline.

Question

The demand curve facing the firm has been estimated as follows:

-
Which of the following statements about the firm's total revenue is correct?
A)If the firm sold 3 units of output,it would have revenues totaling $540. 
B)If the firm sold 7 units of output,it would have revenues totaling $980. 
C)If the firm increased output from 2 units to 3 units,total revenue would increase. 
D)If the firm increased output from 6 units to 7 units,total revenue would increase. 
E)If the firm decreased output from 6 units to 5 units,total revenue would decline.

Quizplus · Accepted Answer

The Answer of The demand curve facing the firm has been estimated as follows:

-
Which of the following statements about the firm's total revenue is correct?
A)If the firm sold 3 units of output,it would have revenues totaling $540. 
B)If the firm sold 7 units of output,it would have revenues totaling $980. 
C)If the firm increased output from 2 units to 3 units,total revenue would increase. 
D)If the firm increased output from 6 units to 7 units,total revenue would increase. 
E)If the firm decreased output from 6 units to 5 units,total revenue would decline.

The Demand Curve Facing the Firm Has Been Estimated as Follows