Use the following to answer question(s):
Exhibit: Total Revenue, Total Cost, and Economic Profit

-(Exhibit: Total Revenue, Total Costs, and Economic Profit) Total revenue and total cost are equal at approximately _______ pounds and $_______ .

Question

Use the following to answer question(s): 
Exhibit: Total Revenue, Total Cost, and Economic Profit
 
-(Exhibit: Total Revenue, Total Costs, and Economic Profit) Total revenue and total cost are equal at approximately _______ pounds and $_______ .

Quizplus · Accepted Answer

Total revenue equals total cost at the point where economic profit is zero. This occurs at approximately 10,000 pounds and $2,800, as indicated by choice C.

Use the Following to Answer Question(s)