Figure 12-2 -Refer to Figure 12-2.Why Is the Total Revenue Curve a Total

question 20

Multiple Choice

Figure 12-2

-Refer to Figure 12-2.Why is the total revenue curve a ray from the origin?

• A)because revenue increases at an increasing rate
• B)because revenue increases at a decreasing rate
• C)because the firm can sell its product at a constant price
• D)because the firm must lower its price to sell more

---

Definitions:

Strict Liability

A legal doctrine holding an individual or entity responsible for damages or injuries caused by their actions or products, regardless of fault or intention.

Significant Risk

Refers to a risk level that is substantial enough to warrant attention or action, often used in legal, financial, and health contexts to denote risks that are not negligible or minor.

Liable For Negligence

Being legally responsible for harm caused as a result of failing to exercise a level of care that a reasonably prudent person would have in a similar situation.

Rescue

The act of saving or delivering someone from a dangerous or distressing situation, often requiring immediate and decisive action.