The Demand Curve Facing the Firm Has Been Estimated as Follows

question 75

Multiple Choice

The demand curve facing the firm has been estimated as follows:

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Which of the following statements about the firm's total revenue is correct?

• A)If the firm sold 3 units of output,it would have revenues totaling $540.
• B)If the firm sold 7 units of output,it would have revenues totaling $560.
• C)If the firm increased output from 2 units to 3 units,total revenue would decline.
• D)If the firm decreased output from 7 units to 6 units,total revenue would decline.
• E)If the firm decreased output from 6 units to 5 units,total revenue would decline.

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Definitions:

Italian Earthquake

Refers typically to seismic events occurring in Italy, a country prone to earthquakes due to its geological position at the meeting point of several tectonic plates.

Correct Verb

The accurate or appropriate usage of a verb in a sentence to convey the intended action or state.

Entertainment

Activities, events, or performances designed to provide pleasure or relaxation to the audience.

Correct Verb

Using the appropriate verb forms and conjugations according to the subject and tense in a sentence.