Multiple Choice
The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2
-Assume that a firm's marginal revenue curve intersects the rising portion of its marginal cost curve at 500 units of output. At this output level, a profit-maximizing firm's total cost of production is $1,000. If the price of the product is $5 per unit, the total revenue earned by the firm will be:
A) $1,500.
B) $250.
C) $500.
D) $2,500.
E) $1,000.
Correct Answer:

Verified
Correct Answer:
Verified
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