The Demand Curve Facing the Firm Has Been Estimated as Follows

question 78

Multiple Choice

The demand curve facing the firm has been estimated as follows: 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 $980.
• C) If the firm increased output from 2 units to 3 units,total revenue would increase.
• D) If the firm increased output from 6 units to 7 units,total revenue would increase.
• E) If the firm decreased output from 6 units to 5 units,total revenue would decline.

---

Definitions:

Treasurer's Department

The treasurer's department is responsible for managing a company's financial assets, including cash flow, investments, and corporate financing.

Approving The Payroll

The process of verifying the accuracy of employees' pay before distribution.

Payroll Records

Documentation related to employees’ salaries, wages, bonuses, net pay, and deductions, essential for financial and legal purposes.

FICA Taxes Payable

The portion of FICA taxes that an employer needs to remit to the government, representing withheld employee taxes and the employer's contributions.