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The Table Given Below Reports the Marginal Revenue and Marginal

Question 79

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The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2
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.
-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.

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