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Use the Figure to Answer the Following Question(s)

Question 37

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Use the figure to answer the following question(s) .
Figure 9-8 Use the figure to answer the following question(s) . Figure 9-8   -At the market price of $3 in Figure 9-8, indicate the firm's total revenue and total cost at its profit-maximizing level of output. A)  total revenue, $45; total cost, $37 (approx.)  B)  total revenue, $45; total cost, $45 C)  total revenue, $60; total cost, $45 D)  total revenue, $80; total cost, $65 (approx.)
-At the market price of $3 in Figure 9-8, indicate the firm's total revenue and total cost at its profit-maximizing level of output.


A) total revenue, $45; total cost, $37 (approx.)
B) total revenue, $45; total cost, $45
C) total revenue, $60; total cost, $45
D) total revenue, $80; total cost, $65 (approx.)

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