A firm's total revenue
a. can be read off the demand curve it faces, but only if we know total cost of production
b. can be read off the demand curve it faces, but only if we know how must output the firm sells
c. is found by multiplying price per unit by the number of units produced and sold
d. is equal to profit when inputs are fixed in the short run
e. will be positive at any level of output
C
Economics
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In our consumption function, when disposable income is zero, consumption is
A) a. B) -cT. C) cT. D) -a.
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The ______ is a method of calculating GDP by adding how much market participants spend on final goods and services over a specific period of time.
a. investment approach b. value-added approach c. production approach d. expenditure approach
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