The perfectly competitive firm's total revenue curve
A) is linear and upward sloping.
B) has a constant slope.
C) has a positive slope.
D) all of the above.
Answer: D
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Banks differ from other types of businesses because banks: a. earn profits
b. combine economic resources to produce services. c. can go out of business. d. can create money. e. are regulated by the government.
An individual's demand curve for a good is derived by
a. varying the income level and observing the resulting total utility derived from both goods b. varying the price of one good and observing the resulting quantities demanded of the other good c. varying the prices of both goods and observing the changes in quantities demanded of both goods d. shifting the budget line to the left and calculating the loss in total utility e. varying the price of one good and observing the resulting quantities demanded of that good