If the price doesn't change, no matter how much output is produced, the total revenue curve is a(n)
A) upward-sloping straight line
B) downward-sloping straight line
C) horizontal straight line
D) U-shaped curve
E) hill-shaped curve

Question

Quizplus · Accepted Answer

Total revenue is calculated as price times quantity. If the price remains constant while output increases, total revenue increases linearly with quantity, resulting in an upward-sloping straight line.

If the Price Doesn't Change, No Matter How Much Output