Figure 5-5

-Refer to Figure 5-5.The maximum value of total revenue corresponds to a price of
A) $18.
B) $30.
C) $42.
D) $48.

Name: Figure 5-5 -Refer to Figure 5-5.The maximum value of total revenue corresponds to a price of A) $18. B) $30. C) $42. D) $48.
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Question

Figure 5-5
 
-Refer to Figure 5-5.The maximum value of total revenue corresponds to a price of
A) $18. 
B) $30. 
C) $42. 
D) $48.

Quizplus · Accepted Answer

From the graph, we can see that the total revenue is highest at a price of $30. This means that if the goal is to maximize revenue, the best price to set would be $30.

Figure 5-5 -Refer to Figure 5-5.The Maximum Value of Total Revenue Corresponds