Assuming that the competitive firm's output is doubled then what will happen to the firm's total revenue? (a) More than doubles (b) Less than doubles (c) Doubles (d) Cannot be determined because the price of the good may rise or fall.

Assuming that the competitive firm's output is doubled then what will happen to the firm's total revenue? (a) More than doubles (b) Less than doubles (c) Doubles (d) Cannot be determined because the price of the good may rise or fall.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Assuming that the competitive firm's output is doubled then what will happen to the
firm's total revenue?
(a) More than doubles
(b) Less than doubles
(c) Doubles
(d) Cannot be determined because the price of the good may rise or fall.

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