Question
Study the supply curve given below and answer the following question.
If the quantity supplied increases from 10 to 20, the total revenue ________.
If the quantity supplied increases from 10 to 20, the total revenue ________.
Answer: Option C
:
C
Casei:q=10,p=2,TR=$20Caseii:q=20;p=4,TR=$80
Total revenue increases by $60
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:
C
Casei:q=10,p=2,TR=$20Caseii:q=20;p=4,TR=$80
Total revenue increases by $60
Was this answer helpful ?
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