In Figure 24.2, total profit at the profit-maximizing rate of output is
A) CDLK.
B) CDHG.
C) ABDLK.
D) GHLK.

Name: In Figure 24.2, total profit at the profit-maximizing rate of output is A) CDLK. B) CDHG. C) ABDLK. D) GHLK.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

In Figure 24.2, total profit at the profit-maximizing rate of output is
A) CDLK. 
B) CDHG. 
C) ABDLK. 
D) GHLK.

Quizplus · Accepted Answer

At the profit-maximizing rate of output, total profit is maximized at point H where MR=MC. The corresponding output is QH and the total profit is CDHG.