-Refer to the information above to answer this question.At what price is the seller's total revenue maximized?
A)$1.
B)$10.
C)$5 or $6.
D)$4 or $7.
E)$5.

Question

-Refer to the information above to answer this question.At what price is the seller's total revenue maximized?
A)$1. 
B)$10. 
C)$5 or $6. 
D)$4 or $7. 
E)$5.

Quizplus · Accepted Answer

Total revenue is maximized at the price where the product of price and quantity sold is highest. This typically occurs at the midpoint of a linear demand curve, which is often around the middle prices like $5 or $6.

-Refer to the Information Above to Answer This Question