- In Figure 24.2,total revenue at the profit-maximizing rate of output is
A)$22.00.
B)$6.40.
C)$4.00.

Name: - In Figure 24.2,total revenue at the profit-maximizing rate of output is A)$22.00. B)$6.40. C)$4.00.
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Question

- In Figure 24.2,total revenue at the profit-maximizing rate of output is
A)$22.00. 
B)$6.40. 
C)$4.00.

Quizplus · Accepted Answer

The profit-maximizing rate of output occurs where marginal cost equals marginal revenue. The total revenue is calculated by multiplying the price per unit by the quantity sold. Based on the given options, $22.00 is the most plausible total revenue at this rate.

- in Figure 24