Assume that a firm's total revenue curve takes the form of a straight line which passes through the origin. We may deduce that
A. Total costs and total revenue are equal
B. Price and marginal revenue are equal
C. Price exceeds marginal revenue
D. Elasticity of demand for the product is unity
Answer: Option B
Related Questions on Managerial Economics
The emphasis of managerial economics is on
A. Bonus theory
B. Normative theory
C. System theory
D. Accounting theory
Which is not the subject of Managerial Economics?
A. Accounting Theory
B. Pricing Decision, Policies and Practices
C. Capital Management
D. Profit Management
Which is not covered under the scope of managerial economics?
A. Profit management
B. Accounting theory
C. Pricing policies
D. Production analysis

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