If Bradley's Butcher Shop Sells Its Product in a Competitive

question 533

Multiple Choice

If Bradley's Butcher Shop sells its product in a competitive market, then

• A)the price of that product depends on the quantity of the product that Bradley's Butcher Shop produces and sells because the firm's demand curve is downward sloping.
• B)Bradley's Butcher Shop's total cost must be a constant multiple of its quantity of output.
• C)Bradley's Butcher Shop's total revenue must be proportional to its quantity of output.
• D)Bradley's Butcher Shop's total revenue must be equal to its average revenue.

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