Refer to the graph shown. If the firm increases output from 30 to 40, total revenue will increase:
A) more than total cost, and so profit will increase.
B) more than total cost, and so profit will decrease.
C) less than total cost, and so profit will increase.
D) less than total cost, and so profit will decrease.

Question

Refer to the graph shown. If the firm increases output from 30 to 40, total revenue will increase: 
A) more than total cost, and so profit will increase. 
B) more than total cost, and so profit will decrease. 
C) less than total cost, and so profit will increase. 
D) less than total cost, and so profit will decrease.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. If the firm increases output from 30 to 40, total revenue will increase: 
A) more than total cost, and so profit will increase. 
B) more than total cost, and so profit will decrease. 
C) less than total cost, and so profit will increase. 
D) less than total cost, and so profit will decrease.

Refer to the Graph Shown