Since the demand curve is downward sloping, the graph of total profits is also has a negative slope.

Name: Since the demand curve is downward sloping, the graph of total profits is also has a negative slope.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

The graph of total profits is not necessarily downward sloping. It depends on the shape of the cost curve and the level of output. It is possible for the total profit curve to have a positive slope, a negative slope, or even a flat slope.

Since the Demand Curve Is Downward Sloping, the Graph of Total