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The Following Figure Shows the Marginal Cost Curve and the Average

Question 33

Multiple Choice

The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive market.
The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive market. -Refer to the figure above.Suppose the price in this market is $5.What is the revenue of the firm,when it sells the profit-maximizing level of output? A) $5,000 B) $1,600 C) $1,800 D) $3,500
-Refer to the figure above.Suppose the price in this market is $5.What is the revenue of the firm,when it sells the profit-maximizing level of output?


A) $5,000
B) $1,600
C) $1,800
D) $3,500

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