Use the following information to answer the following Questions

-Refer to the figure above. Line A is the:
A) total revenue line.
B) fixed cost line.
C) variable cost line.
D) total cost line.
E) profit line.

Question

Use the following information to answer the following Questions

-Refer to the figure above. Line A is the:
A) total revenue line. 
B) fixed cost line. 
C) variable cost line. 
D) total cost line. 
E) profit line.

Quizplus · Accepted Answer

Line A is the total revenue line because it shows the total amount of revenue that the firm receives at each level of output.

Use the Following Information to Answer the Following Questions