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Use the Figure to Answer the Following Question(s)

Question 60

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Use the figure to answer the following question(s) .
Figure 9-4 Use the figure to answer the following question(s) . Figure 9-4   -At the market price of $6 in Figure 9-4, indicate the firm's total revenue and total cost at its profit-maximizing level of output. A)  total revenue, $30 million; total cost, $22.5 million (approx.)  B)  total revenue, $30 million; total cost, $30 million C)  total revenue, $40 million; total cost, $30 million D)  total revenue, $48 million; total cost, $38 million (approx.)
-At the market price of $6 in Figure 9-4, indicate the firm's total revenue and total cost at its profit-maximizing level of output.


A) total revenue, $30 million; total cost, $22.5 million (approx.)
B) total revenue, $30 million; total cost, $30 million
C) total revenue, $40 million; total cost, $30 million
D) total revenue, $48 million; total cost, $38 million (approx.)

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