Which of the Following Is True of a Firm That

question 43

Multiple Choice

Which of the following is true of a firm that faces a downward sloping demand curve?

• A)In order to sell more units,the firm needs to lower its price.
• B)The total cost curve for the firm is also downward sloping.
• C)The firm's total revenue and price are directly correlated.
• D)The marginal revenue from each unit sold is constant.
• E)The firm faces a constant marginal cost curve.

---

Definitions:

Cooling Capacity

Cooling capacity is the measure of a cooling system's ability to remove heat. It's often measured in BTUs (British Thermal Units) or watts.

Reefer Units

Refrigeration units used in transportation, specifically designed to control the temperature of perishable goods in containers or trailers during shipping.