Multiple Choice
In 2016, a firm produced 100 units of good X at $1. In 2017, the firm produced 200 units of good X at $0.5. Between 2016 and 2017, the total revenue of producing good X
A) stayed constant
B) increased.
C) might increase, decrease, or stay constant.
D) decreased.
E) was equal to zero.
Correct Answer:
Verified
Correct Answer:
Verified
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