On a Downward-Sloping Linear Demand Curve,total Revenue Reaches Its Maximum

question 101

Multiple Choice

On a downward-sloping linear demand curve,total revenue reaches its maximum value at the

• A)midpoint of the demand curve.
• B)lower end of the demand curve.
• C)upper end of the demand curve.
• D)It is impossible to tell without knowing prices and quantities demanded.

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