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Question 167

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Figure: Monopoly Model Use the following to answer questions: Figure: Monopoly Model -(Figure: Monopoly Model) Look at the figure Monopoly Model. When the firm is in equilibrium (that is, maximizing its economic profit) , its total cost is the area of rectangle _____ and its total revenue is the area of rectangle _____. A) 0PDJ; SPDB B) 0IHJ; IPDH C) IPDH; 0SBJ D) 0SBJ; 0PDJ
-(Figure: Monopoly Model) Look at the figure Monopoly Model. When the firm is in equilibrium (that is, maximizing its economic profit) , its total cost is the area of rectangle _____ and its total revenue is the area of rectangle _____.


A) 0PDJ; SPDB
B) 0IHJ; IPDH
C) IPDH; 0SBJ
D) 0SBJ; 0PDJ

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