When a Firm Sells Each Unit of Output for the Same

question 129

Multiple Choice

When a firm sells each unit of output for the same price, its total revenue curve:

• A) is a straight line through the origin
• B) is an downward- sloping line with a vertical intercept at the price of the good
• C) is an upward- sloping line with a vertical intercept at the price of the good
• D) is a horizontal line

---

Definitions:

Dependent Variable

In statistical analysis, this is the variable that is being tested and measured, often seen as the outcome influenced by independent variables.

Marginal Mean

The mean of a variable across levels of another variable, typically in the context of analysis of variance.

Means

Refers to the mathematical average of a set of numbers or quantities, carrying the same definition but rephrased for clarity.

Interaction Effect

A statistical phenomenon in which the effect of one independent variable on a dependent variable differs depending on the value of another independent variable.