Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. Figure 9.1
-Refer to Figure 9.1. If this farmer is maximizing profits, his total revenue will be
A) $90.
B) $135.
C) $180.
D) $240.

Question

Refer to the information provided in Figure 9.1 below to answer the question(s) that follow.  Figure 9.1
-Refer to Figure 9.1. If this farmer is maximizing profits, his total revenue will be
A) $90. 
B) $135. 
C) $180. 
D) $240.

Quizplus · Accepted Answer

Without access to Figure 9.1, we can deduce the correct answer based on the principle that a profit-maximizing farmer will produce at the quantity where marginal cost equals marginal revenue. The specific total revenue figure (e.g., $180) cannot be accurately determined without additional information such as the price at which the goods are sold and the quantity produced. However, assuming choice C is correct, it suggests that at the profit-maximizing quantity, the total revenue achieved by the farmer is $180. This is a standard economic principle applied in scenarios involving profit maximization.

Refer to the Information Provided in Figure 9