Exhibit 8-12 Marginal revenue and cost per unit curves
-As shown in Exhibit 8-12, if the price is OD, the firm's total revenue at its most profitable level of output is:

Question

Exhibit 8-12 Marginal revenue and cost per unit curves 
-As shown in Exhibit 8-12, if the price is OD, the firm's total revenue at its most profitable level of output is:

Quizplus · Accepted Answer

Total revenue is maximized when marginal revenue equals marginal cost. At the most profitable level of output, marginal revenue is equal to OD, and total revenue is equal to OZID.

Exhibit 8-12 Marginal Revenue and Cost Per Unit Curves