Multiple Choice
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.)
Correct Answer:

Verified
Correct Answer:
Verified
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