Multiple Choice
Recall the Application about choosing a price for drones based on a linear demand curve to answer the following question(s) .
-Recall the Application.Suppose a firm that produces drones has a linear demand curve for its product,with a vertical intercept of $1,200.If the firm initially charged a price of $450 and then raised its price to $600,the firm's total revenue would ________ and total cost would ________.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decease
Correct Answer:

Verified
Correct Answer:
Verified
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