Exhibit 10-4
-Refer to Exhibit 10-4. At the profit-maximizing output level, total revenue is

Name: Exhibit 10-4 -Refer to Exhibit 10-4. At the profit-maximizing output level, total revenue is
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Exhibit 10-4 
-Refer to Exhibit 10-4. At the profit-maximizing output level, total revenue is

Quizplus · Accepted Answer

At the profit-maximizing output level, the firm produces where MR=MC, which occurs at an output level of 30 units. At this output level, the price per unit is $100 ($3,000 total revenue / 30 units), making the total revenue equal to $3,000. Therefore, the correct answer is (C) $3,000.

Exhibit 10-4 -Refer to Exhibit 10-4. at the Profit-Maximizing Output Level, Total