Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
nakungth nakungth
wrote...
Posts: 1175
Rep: 3 0
6 years ago
Suppose we plot the total revenue curve with quantity on the horizontal axis and revenue on the vertical axis (as in Figure 8.1 in the book).  Under price-taking behavior, the total revenue curve should be:
A) an inverted U-shaped curve (first increasing and then decreasing).
B) a U-shaped curve (first decreasing and then increasing).
C) a horizontal line with vertical axis intercept equal to the market price.
D) a straight line from the origin with slope equal to the market price.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 61 times
1 Reply
Replies
Answer verified by a subject expert
CanihCanih
wrote...
Posts: 463
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

nakungth Author
wrote...

6 years ago
Helped a lot
wrote...

Yesterday
This helped my grade so much Perfect
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1087 People Browsing
Related Images
  
 235
  
 131
  
 56