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

Question

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

Quizplus · Accepted Answer

At P = $30 and Q = 80, total revenue (P × Q)is $2,400 ($30 × 80 = $2,400).

Refer to the Accompanying Graph