Graphically,total revenue is represented by the:
A) triangle formed under the demand curve.
B) rectangle formed under the demand curve at a given price and quantity combination.
C) rectangle formed under the average-total-cost curve at a given ATC and quantity combination.
D) line segment between the demand and average-total-cost curves at any level of output.
E) the line segment between the horizontal axis and the average-total-cost curves at any level of output.
Correct Answer:
Verified
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