Refer to the table above.What is the price with the maximum total revenue?
A) $2
B) $3
C) $4
D) $5 Total Revenue = P*Q and this is maximized at $3 when TR = $3*30 = $90.

Name: Refer to the table above.What is the price with the maximum total revenue? A) $2 B) $3 C) $4 D) $5 Total Revenue = P*Q and this is maximized at $3 when TR = $3*30 = $90.
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Question

Refer to the table above.What is the price with the maximum total revenue?
A) $2 
B) $3 
C) $4 
D) $5 Total Revenue = P*Q and this is maximized at $3 when TR = $3*30 = $90.

Quizplus · Accepted Answer

Choosing price $3 will result in maximum total revenue of $90, which is the most profitable choice.

Refer to the Table Above