Study the supply curve given below and answer the following question.

If the quantity supplied increases from 10 to 20, the total revenue ________.

increases by $20

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increases by $40

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increases by $60

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increases by $80

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Solution

The correct option is C
increases by $60

$C a s e i : q = 10, p = 2, T R = $ 20 C a s e i i : q = 20; p = 4, T R = $ 80$

Total revenue increases by $60

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Study the supply curve given below and answer the following question. If the quantity supplied increases from 10 to 20, the total revenue ________.

The correct option is C increases by $60 Case i:q=10, p=2, TR=$20Case ii:q=20; p=4, TR=$80 Total revenue increases by $60

Study the supply curve given below and answer the following question.

If the quantity supplied increases from 10 to 20, the total revenue ________.

The correct option is C
increases by $60

$C a s e i : q = 10, p = 2, T R = $ 20 C a s e i i : q = 20; p = 4, T R = $ 80$

Total revenue increases by $60