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Revenue & Producer's Equilibrium · Question 25 of 55

In the graph, the TR line passes through the origin because

Question 25

MediumOriginal question

In the graph, the TR line passes through the origin because

A straight TR line from the origin: TR is ₹20 at 2 units, ₹40 at 4 units (point A) and ₹60 at 6 units.
Options for question 25

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. TR = P × q, and q = 0 gives TR = 0.

Concept
TR starts at the origin
Typical time
70 s
Your time
—
The rule this testsRevenue at a price set by the market
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Ten questions from Revenue & Producer's Equilibrium, at your own pace.

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Ten questions from Revenue & Producer's Equilibrium, at your own pace.

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