-Refer to Figure 10.6.At the profit-maximizing level of output,total revenue:
A)is $10,000.
B)is $20,000.
C)is $40,000.
D)is $50,000.

Name: -Refer to Figure 10.6.At the profit-maximizing level of output,total revenue: A)is $10,000. B)is $20,000. C)is $40,000. D)is $50,000.
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Question

-Refer to Figure 10.6.At the profit-maximizing level of output,total revenue:
A)is $10,000. 
B)is $20,000. 
C)is $40,000. 
D)is $50,000.

Quizplus · Accepted Answer

The profit-maximizing level of output occurs where marginal cost equals marginal revenue. At this level, the total revenue is $40,000 as indicated in Figure 10.6.