Use the following to answer questions:
Figure: Monopoly Model
-(Figure: Monopoly Model) Look at the figure Monopoly Model. When the firm is in equilibrium (that is, maximizing its economic profit), its total cost is the area of rectangle _____ and its total revenue is the area of rectangle _____.
A) 0PDJ; SPDB
B) 0IHJ; IPDH
C) IPDH; 0SBJ
D) 0SBJ; 0PDJ

Question

Use the following to answer questions:
Figure: Monopoly Model 
-(Figure: Monopoly Model) Look at the figure Monopoly Model. When the firm is in equilibrium (that is, maximizing its economic profit), its total cost is the area of rectangle _____ and its total revenue is the area of rectangle _____.
A) 0PDJ; SPDB 
B) 0IHJ; IPDH 
C) IPDH; 0SBJ 
D) 0SBJ; 0PDJ

Quizplus · Accepted Answer

The Answer of Use the following to answer questions:
Figure: Monopoly Model 
-(Figure: Monopoly Model) Look at the figure Monopoly Model. When the firm is in equilibrium (that is, maximizing its economic profit), its total cost is the area of rectangle _____ and its total revenue is the area of rectangle _____.
A) 0PDJ; SPDB 
B) 0IHJ; IPDH 
C) IPDH; 0SBJ 
D) 0SBJ; 0PDJ

Use the Following to Answer Questions