Solved

Refer to the Accompanying Graph

Question 4

Multiple Choice

Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit of output is $30, this firm's total revenue at its profit-maximizing level of output is ________. Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit of output is $30, this firm's total revenue at its profit-maximizing level of output is ________. A) $3,000 B) $2,400 C) $1,800 D) $900


A) $3,000
B) $2,400
C) $1,800
D) $900

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: If a perfectly competitive firm produces an

Q2: A rational seller will sell another unit

Q3: Refer to the accompanying table. As the

Q5: An increase in consumers' demand for espresso

Q6: If a firm shuts down in the

Q7: Suppose a firm uses workers and office

Q8: Suppose Chris is a potter who

Q9: Jenny sells lemonade in front of her

Q10: For a given seller, the accompanying figure

Q11: The price equals marginal cost rule for