Multiple Choice
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.
Correct Answer:
Verified
Related Questions