-If the firm is maximizing profits,total profit will be approximately
A)-$150.
B)$500.
C)$270.
D)$600.
E)$0.

Question

-If the firm is maximizing profits,total profit will be approximately
A)-$150. 
B)$500. 
C)$270. 
D)$600. 
E)$0.

Quizplus · Accepted Answer

When a firm is maximizing profits, it operates where marginal revenue equals marginal costs. The exact amount of total profit depends on the difference between total revenue and total costs at this point. Without specific data on costs and revenues, we can't calculate the exact figure, but among the given options, $270 is a plausible amount for a profit-maximizing firm.

-If the Firm Is Maximizing Profits,total Profit Will Be Approximately