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Why is the total revenue curve of a price-taking firm an upward-sloping straight line ?Why does the curve pass through the origin ?

Answer» <html><body><p></p>Solution :In case of <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a>-taking firm (perfectly <a href="https://interviewquestions.tuteehub.com/tag/competitive-2033296" style="font-weight:bold;" target="_blank" title="Click to know more about COMPETITIVE">COMPETITIVE</a> firm), TR increases in the same proportion as price is constant. So, TR curve is an upward sloping <a href="https://interviewquestions.tuteehub.com/tag/straight-633156" style="font-weight:bold;" target="_blank" title="Click to know more about STRAIGHT">STRAIGHT</a> line. It <a href="https://interviewquestions.tuteehub.com/tag/passes-1148517" style="font-weight:bold;" target="_blank" title="Click to know more about PASSES">PASSES</a> from the origin because TR is zero at zero <a href="https://interviewquestions.tuteehub.com/tag/level-1072714" style="font-weight:bold;" target="_blank" title="Click to know more about LEVEL">LEVEL</a> of output.</body></html>


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