The following figure shows demand, marginal revenue, and short-run costs for a price-setting firm.

-At this level of output total revenue is $________, total cost is $________, and the firm earns a profit of $________.

Question

The following figure shows demand, marginal revenue, and short-run costs for a price-setting firm.
 
-At this level of output total revenue is $________, total cost is $________, and the firm earns a profit of $________.

Quizplus · Accepted Answer

The Answer of The following figure shows demand, marginal revenue, and short-run costs for a price-setting firm.
 
-At this level of output total revenue is $________, total cost is $________, and the firm earns a profit of $________.

The Following Figure Shows Demand, Marginal Revenue, and Short-Run Costs