Author Question: Before-tax incomes are a better measure of income as compared to after-tax incomes. a. True b. ... (Read 71 times)

nautica902 · **on:** Jun 30, 2018

Before-tax incomes are a better measure of income as compared to after-tax incomes.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Graphically, a firm's total revenue is represented by the:
a. triangle formed under the demand curve.
b. rectangle formed under the demand curve at a given price and quantity combination.
c. rectangle formed under the average-total-cost curve at a given ATC and quantity combination.
d. triangle formed by a line segment between the demand and average-total-cost curves at any level of output.
e. triangle formed by a line segment between the horizontal axis and the average-total-cost curves at any level of output.