Consider the following diagram where a perfectly competitive firm faces a price of $40. Figure 8.1
-Refer to Figure 8.1. At the profit-maximizing level of output, total revenue is
A) $1200.
B) $2160.
C) $2400.
D) $2680.
E) $3160.

Question

Consider the following diagram where a perfectly competitive firm faces a price of $40.  Figure 8.1
-Refer to Figure 8.1. At the profit-maximizing level of output, total revenue is
A) $1200. 
B) $2160. 
C) $2400. 
D) $2680. 
E) $3160.

Quizplus · Accepted Answer

The Answer of Consider the following diagram where a perfectly competitive firm faces a price of $40.  Figure 8.1
-Refer to Figure 8.1. At the profit-maximizing level of output, total revenue is
A) $1200. 
B) $2160. 
C) $2400. 
D) $2680. 
E) $3160.

Consider the Following Diagram Where a Perfectly Competitive Firm Faces