-The profit-maximizing firm will be earning total revenue of
A)OFIN.
B)OFJM.
C)OFKL.
D)OGHM.
E)NIKL.

Name: -The profit-maximizing firm will be earning total revenue of A)OFIN. B)OFJM. C)OFKL. D)OGHM. E)NIKL.
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Question

-The profit-maximizing firm will be earning total revenue of
A)OFIN. 
B)OFJM. 
C)OFKL. 
D)OGHM. 
E)NIKL.

Quizplus · Accepted Answer

The profit-maximizing firm will be earning total revenue of OFKL because at this point, the marginal revenue (MR) curve intersects the marginal cost (MC) curve. At this point, the firm is producing the quantity of output that will maximize its profits.

-The Profit-Maximizing Firm Will Be Earning Total Revenue of