Figure 8.4.2
-Refer to Figure 8.4.2 above. When profit is maximized, the total revenue of the farmer equals:
A) $8.360.
B) $5.320.
C) $996.
D) $2.170.

Name: Figure 8.4.2 -Refer to Figure 8.4.2 above. When profit is maximized, the total revenue of the farmer equals: A) $8.360. B) $5.320. C) $996. D) $2.170.
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Question

Figure 8.4.2
-Refer to Figure 8.4.2 above. When profit is maximized, the total revenue of the farmer equals:
A) $8.360. 
B) $5.320. 
C) $996. 
D) $2.170.

Quizplus · Accepted Answer

When profit is maximized, total revenue equals total cost. In this case, total cost is $2,170, so total revenue must also be $2,170.

Figure 8.4.2 -Refer to Figure 8.4.2 Above. When Profit Is Maximized, the Maximized