Exhibit 13-1 Refer to Exhibit 13-1.The profit-maximizing firm's total revenue is indicated in the diagram as area:

Question

Exhibit 13-1  Refer to Exhibit 13-1.The profit-maximizing firm's total revenue is indicated in the diagram as area:

Quizplus · Accepted Answer

The profit-maximizing firm's total revenue is equal to the price (P) multiplied by the quantity sold (Q). In the diagram, the price is constant at P1 and the quantity sold is Q1, so the total revenue is the rectangle formed by the points A, D, Q, and S, which is indicated by area 0ADQ₁.