Assume that a firm's total revenue curve takes the form of a straight line which passes through the origin. We may deduce that
A. | Total costs and total revenue are equal |
B. | Price and marginal revenue are equal |
C. | Price exceeds marginal revenue |
D. | Elasticity of demand for the product is unity |
Answer : B Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |