Refer to the accompanying graph to answer the following questions.

-If this firm is maximizing profits,total revenue is represented by the area
A) B * C
B) A * C
C) (A-
B) * C
D) A * B.
E) (A +
B) * C .

Question

Refer to the accompanying graph to answer the following questions.
 
-If this firm is maximizing profits,total revenue is represented by the area
A) B * C 
B) A * C 
C) (A- 
B) * C 
D) A * B. 
E) (A + 
B) * C .

Quizplus · Accepted Answer

Total revenue is represented by the area of the rectangle formed by the quantity sold (F1F1F1S1) and the price (F1F1F10C). Therefore, the total revenue is represented by the area A F1F1F1S1F1F1F10C, which is option B.

Refer to the Accompanying Graph to Answer the Following Questions