10. If a firm is facing an exogenously given price, Po, and industry conditions change such that the new marketprice is P4 > Po, which of the following is true?None of the other options are correct.The total revenue curve will shift up vertically on the graph, with dollars on the vertical axis and firmquantity on the horizontal axis.There will be no change to the total revenue curve of this individual firm.The total revenue curve will become steeper, with an increase in slope on the graph, with dollars onthe vertical axis and firm quantity on the horizontal axis.The total revenue curve will reach its maximum at a new, higher output than under the old price, PO,and total revenue would decline for further increases in output.

10. If a firm is facing an exogenously given price, Po, and industry c

1.	10. If a firm is facing an exogenously given price, Po, and industry conditions change such that the new marketprice is P4 > Po, which of the following is true?None of the other options are correct.The total revenue curve will shift up vertically on the graph, with dollars on the vertical axis and firmquantity on the horizontal axis.There will be no change to the total revenue curve of this individual firm.The total revenue curve will become steeper, with an increase in slope on the graph, with dollars onthe vertical axis and firm quantity on the horizontal axis.The total revenue curve will reach its maximum at a new, higher output than under the old price, PO,and total revenue would decline for further increases in output.
Answer» Through privatizing, the role of the GOVERNMENT in the economy is condensed, thus there is LESS chance for the government to negatively impact the economy (Poole, 1996). ... Instead, PRIVATIZATION enables countries to PAY a portion of their existing debt, thus reducing INTEREST rates and raising the level of investment