MEDIUM
Earn 100

Why is the total revenue curve of a price-taking firm an upward-sloping straight line? Why does the curve pass through the origin?
(a)Because revenue increases proportionally with output at a constant price.
(b)Because costs are not considered.
(c)Because the price decreases as output increases.
(d)Because the firm can produce without any cost.

50% studentsanswered this correctly
Important Questions on Indian Economy on the Eve of Independence
MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

MEDIUM

