The figure below shows cost curves of a firm in a competitive market. The firm always makes the choice to maximize its profit.

-Refer to the figure above. If the market price of the product is $3.25, what is the firm's revenue?
A) $3,900
B) $3,575
C) $2,700
D) $2,100

Question

The figure below shows cost curves of a firm in a competitive market. The firm always makes the choice to maximize its profit.
 
-Refer to the figure above. If the market price of the product is $3.25, what is the firm's revenue?
A) $3,900 
B) $3,575 
C) $2,700 
D) $2,100

Quizplus · Accepted Answer

The Answer is A

The Figure Below Shows Cost Curves of a Firm in a Competitive