-The figure above shows a monopoly firm's demand curve. The monopoly's total revenue is at its maximum when the firm produces at point
A) x.
B) r.
C) t.
D) u.

Question

-The figure above shows a monopoly firm's demand curve. The monopoly's total revenue is at its maximum when the firm produces at point
A) x. 
B) r. 
C) t. 
D) u.

Quizplus · Accepted Answer

A monopoly's total revenue is maximized at the midpoint of the linear demand curve, which is typically where the marginal revenue is zero. This is usually represented by point t on the demand curve.

-The Figure Above Shows a Monopoly Firm's Demand Curve