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Use the Following to Answer Question(s)

Question 135

Multiple Choice

Use the following to answer question(s) :
Exhibit: Total Revenue, Total Cost, and Economic Profit
Use the following to answer question(s) :  Exhibit: Total Revenue, Total Cost, and Economic Profit    -(Exhibit: Total Revenue, Total Costs, and Economic Profit)  Total economic profit: A)  at its maximum is approximately $550. B)  is at its maximum when output is approximately 4,300 pounds. C)  is maximized at an output of approximately 1,500 pounds. D)  is at a maximum at total revenue of $2,800 and an output of 10,000 pounds.
-(Exhibit: Total Revenue, Total Costs, and Economic Profit) Total economic profit:


A) at its maximum is approximately $550.
B) is at its maximum when output is approximately 4,300 pounds.
C) is maximized at an output of approximately 1,500 pounds.
D) is at a maximum at total revenue of $2,800 and an output of 10,000 pounds.

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