Question on: SS2 Economics - Revenue Schedules And Curves
What does the average revenue curve show?
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A
How a firm's total revenue changes as it changes the quantity of output it produces
B
How a firm's average revenue changes as it changes the quantity of output it produces
C
How a firm's marginal revenue changes as it changes the quantity of output it produces
D
None of the above
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Correct Option: B
(It shows how a firm's average revenue changes as it changes the quantity of output it produces)
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