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Use the Following to Answer Question(s)

Question 79

Multiple Choice

Use the following to answer question(s) :
Exhibit: Total Revenue, Total Cost, and Economic Profit
Use the following to answer question(s) :  Exhibit: Total Revenue, Total Cost, and Economic Profit    -(Exhibit: Total Revenue, Total Costs, and Economic Profit)  As long as the total revenue curve is ________ than the total cost curve, economic profit _______ as output _______. A)  steeper; increases; decreases B)  less steep; increases; decreases C)  steeper; increases; increases D)  less steep; increases; increases
-(Exhibit: Total Revenue, Total Costs, and Economic Profit) As long as the total revenue curve is ________ than the total cost curve, economic profit _______ as output _______.


A) steeper; increases; decreases
B) less steep; increases; decreases
C) steeper; increases; increases
D) less steep; increases; increases

Correct Answer:

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