Use the figure to answer the following question(s).
Figure 9-7
-When the market price in Figure 9-7 is $4, the firm's maximum weekly profit will be approximately
A) zero.
B) $40.
C) $6,000.
D) $40,000.

Question

Use the figure to answer the following question(s).
Figure 9-7 
-When the market price in Figure 9-7 is $4, the firm's maximum weekly profit will be approximately
A) zero. 
B) $40. 
C) $6,000. 
D) $40,000.

Quizplus · Accepted Answer

The firm's maximum weekly profit will be approximately $6,000 when the market price is $4. This is because the firm's total revenue will be $40,000 (4 x 10,000) and its total cost will be $34,000 (10,000 x 3.4).

Use the Figure to Answer the Following Question(s)