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Use the Figure to Answer the Following Question(s)

Question 28

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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   -If the market price of the product in Figure 9-4 rose to $8, indicate the firm's profit-maximizing output and total revenue. A)  output, 5 million; total revenue, $30 million B)  output, 5 million; total revenue, $40 million C)  output, 6 million; total revenue, $10 million (approx.)  D)  output, 6 million; total revenue, $48 million
-If the market price of the product in Figure 9-4 rose to $8, indicate the firm's profit-maximizing output and total revenue.


A) output, 5 million; total revenue, $30 million
B) output, 5 million; total revenue, $40 million
C) output, 6 million; total revenue, $10 million (approx.)
D) output, 6 million; total revenue, $48 million

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