Refer to Table 12-1. If the market price of each camera case is $8, what is the firm's total revenue?
A) $2,400 B) $3,200 C) $4,000 D) $4,800
B
Economics
You might also like to view...
An increase in the number of suppliers in a market results in a
A) movement up along the supply curve. B) rightward shift in the supply curve. C) leftward shift in the supply curve. D) Both answers A and C are correct.
Economics
Which is NOT a necessary condition for price discrimination to exist?
A) The firm must face a downward sloping demand curve. B) The firm must identify buyers with different elasticities of demand. C) The firm must be able to prevent resale of the product or service. D) The firm must establish different prices to reflect marginal cost.
Economics